Pareto minimum points for Endowment problems

The consumer theory, which considers supply as how the amount of a good X changes with varying of the price PX preserving constant income R and the prices of other good, is a function expressed in terms of wealth and prices, but does not depend on the endowment composition. In 1980 Thaler [11], coined the term “endowment effect” to describe the experimental discovery that individuals prefer one object to another if this is part of their endowment. In this paper, the idea is to deal with such situations through analysis of multi objective maximization consisting of endowment point approaches.