CD_mA {CGE} | R Documentation |
This function computes a Cobb-Douglas monetary demand structure matrix in a monetary economy.
CD_mA(alpha, Beta, p)
alpha |
a nonnegative numeric m-vector or m-by-1 matrix. |
Beta |
nonnegative numeric n-by-m matrix whose each column sum equals 1. |
p |
a nonnegative numeric n-vector or n-by-1 matrix. |
Some elements of Beta corresponding to money equal -1.
A n-by-m matrix is computed which indicates the (monetary) demand structure of agents (firms or consumers) 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)
alpha <- c(1, 1, 1)
Beta <- matrix(c(
0.5, 0.5, 0.5,
0.5, 0.5, 0.5,
-1, -1, -1
), 3, 3, TRUE)
p <- c(1, 2, 0.1)
CD_mA(alpha, Beta, p)