A recommended further reading is the 2003 publication of 'Mathematical Psychics and Further Papers on Political Economy' by Francis Ysidro Edgeworth, published by Oxford University Press. This work is a foundational text in political economy, cited for additional context.

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This problem poses a new allocation challenge where Yvonne, instead of Zoë, is the one who wins £200 in a lottery. The task is to determine her optimal choice for sharing the money with Zoë, based on her specific preferences which are defined by the utility function $u(y,z) = y^a z^b$.

Yvonne's Allocation Decision After Winning the Lottery

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).

CORE Econ - The Economy 2.0: Microeconomics

For readers seeking a more profound mathematical understanding of the economic concepts discussed, the textbook 'Mathematics for Economists: An Introductory Textbook' by Malcolm Pemberton and Nicholas Rau is a recommended resource. The 4th edition (2015) or 5th edition (2023), published by Manchester University Press, provides relevant material, with sections such as 15.1 and 17.1 to 17.3 being particularly pertinent to related topics.

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