GE (version 0.3.9)

gemIntertemporalStochastic_ThreePeriods_2_2: A Three-Period Intertemporal Stochastic Equilibrium Model with a Consumer and a Type of Firm

Description

An intertemporal stochastic equilibrium model of three periods with a consumer and a type of firm. The consumer will live for three periods and has a von Neumann-Morgenstern expected utility function. There is one natural state in the first period, two natural states in the second period and two natural states in the third period.

Usage

gemIntertemporalStochastic_ThreePeriods_2_2(...)

Arguments

...

arguments to be passed to the function sdm2.

Examples

# \donttest{
dst.firm1 <- node_new(
  "prod2",
  type = "CD", alpha = 2,
  beta = c(0.5, 0.5),
  "lab1", "prod1"
)

dst.firm2.1 <- node_new(
  "prod3.1",
  type = "CD", alpha = 2,
  beta = c(0.5, 0.5),
  "prod2.1", "lab2.1"
)

dst.firm2.2 <- node_new(
  "prod3.2",
  type = "CD", alpha = 1,
  beta = c(0.4, 0.6),
  "prod2.2", "lab2.2"
)

dst.consumer <- node_new(
  "util",
  type = "CD", alpha = 1,
  beta = rep(1 / 5, 5),
  "prod1", "prod2.1", "prod2.2",
  "prod3.1", "prod3.2"
)

ge <- sdm2(
  A = c(
    dst.firm1, dst.firm2.1, dst.firm2.2,
    dst.consumer
  ),
  B = matrix(c(
    0, 0, 0, 0,
    1, 0, 0, 0,
    1, 0, 0, 0,
    0, 1, 0, 0,
    0, 0, 1, 0,
    0, 0, 0, 0,
    0, 0, 0, 0,
    0, 0, 0, 0
  ), 8, 4, TRUE),
  S0Exg = matrix(c(
    NA, NA, NA, 50,
    NA, NA, NA, NA,
    NA, NA, NA, NA,
    NA, NA, NA, NA,
    NA, NA, NA, NA,
    NA, NA, NA, 100,
    NA, NA, NA, 100,
    NA, NA, NA, 100
  ), 8, 4, TRUE),
  names.commodity = c(
    "prod1", "prod2.1", "prod2.2",
    "prod3.1", "prod3.2",
    "lab1", "lab2.1", "lab2.2"
  ),
  names.agent = c(
    "firm1", "firm2.1", "firm2.2",
    "consumer"
  ),
  numeraire = "lab1",
  policy = makePolicyMeanValue(30),
  ts = TRUE
)

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