GE (version 0.3.5)

gemIntertemporal_2_2: Some Examples of a 2-by-2 Intertemporal Equilibrium Model

Description

Some examples of an intertemporal equilibrium model with two types of commodities and two types of agents.

In these examples, there is an np-period-lived consumer maximizing intertemporal utility, and there is a type of firm which produces from period 1 to np-1. There are two commodities, i.e. product and labor. Suppose the consumer has some product in the first period. That is, the product supply in the first period is an exogenous variable.

Usage

gemIntertemporal_2_2(...)

Arguments

...

arguments to be passed to the function sdm2.

Examples

# \donttest{
#### an example with a Cobb-Douglas intertemporal utility function
np <- 5 # the number of periods.
y1 <- 150
S <- matrix(NA, 2 * np - 1, np)
S[(np + 1):(2 * np - 1), np] <- 100
S[1, np] <- y1

B <- matrix(0, 2 * np - 1, np)
B[2:np, 1:(np - 1)] <- diag(np - 1)

dstl.firm <- list()
for (k in 1:(np - 1)) {
  dstl.firm[[k]] <- node_new(
    "prod",
    type = "CD",
    alpha = 2, beta = c(0.5, 0.5),
    paste0("prod", k), paste0("lab", k)
  )
}

dst.consumer.CD <- node_new(
  "util",
  type = "CD",
  alpha = 1,  beta = prop.table(rep(1, np)),
  paste0("prod", 1:np)
)

f <- function(dstl) {
  sdm2(
    A = dstl,
    B = B,
    S0Exg = S,
    names.commodity = c(paste0("prod", 1:np), paste0("lab", 1:(np - 1))),
    names.agent = c(paste0("firm", 1:(np - 1)), "consumer"),
    numeraire = "prod1",
    ts = TRUE
  )
}

ge <- f(c(dstl.firm, dst.consumer.CD))

ge$p
ge$z
ge$D
ge$S
ge$DV
ge$SV

## an example with a Leontief intertemporal utility function
dst.consumer.Leontief <- node_new(
  "util",
  type = "Leontief",
  a = rep(1, np),
  paste0("prod", 1:np)
)

ge2 <- f(c(dstl.firm, dst.consumer.Leontief))

ge2$p
ge2$z
ge2$D
ge2$S
ge2$DV
ge2$SV
# }