Description Usage Arguments Value Author(s) References Examples
This function computes the Cobb-Douglas demand structure matrix.
1 |
alpha |
a nonnegative numeric m-vector or m-by-1 matrix. |
Beta |
a nonnegative numeric n-by-m matrix whose each column sum equals 1. |
p |
a nonnegative numeric n-vector or n-by-1 matrix. |
A demand coefficient n-by-m matrix is computed which indicates the demands of agents (firms or consumers) for obtaining unit product or utility with Cobb-Douglas production functions or utility functions under the price vector p.
LI Wu <liwu@staff.shu.edu.cn>
LI Wu (2019, ISBN: 9787521804225) General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press. (In Chinese)
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