Speak now
Please Wait Image Converting Into Text...
Embark on a journey of knowledge! Take the quiz and earn valuable credits.
Challenge yourself and boost your learning! Start the quiz now to earn credits.
Unlock your potential! Begin the quiz, answer questions, and accumulate credits along the way.
General Tech Technology & Software 2 years ago
Posted on 16 Aug 2022, this text provides information on Technology & Software related to General Tech. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Turn Your Knowledge into Earnings.
I'm trying to apply Agent-based Computational Economics on NetLogo. But I'm struggling with coding an integral equation (her: /int):
Yt = Ls ^1-ε · [/int between upper Qt+1 and lower Qt] x(qt)^ε dqt
Consider a country with Ls of high-skilled workers and a measure Lu of low-skilled workers. At any time t, a representative firm assembles an aggregate consumption good Yt by using high-skilled labor and a measure of size one of differentiated intermediate goods. Firms are ordered by the efficiency of automated processes in production. Specifically, let qt be the continuous firm-specific efficiency of automation in production and let x(qt) denote the quantity of an intermediate input in final goods production. Then, assuming a Cobb-Douglas technology final goods production function which is given by... (see: screenshot) ε ∈ (0, 1) is the elasticity of output with respect to intermediate inputs.
Is NetLogo able to solve this or do I need to use an extension such as R or Mathematica?
THANKS A LOT!
breed [ firm firms ] globals [ ; defines global variables or parameters and are accessible anywhere in the model by all agents t ; time Ls ; high-skilled labour Lu ; low-skilled labour Yt ; representative firm assembles an aggregate consumption good qt ; continous firm-specific efficiency of automation in production x-qt ; quantity of an intermediate input in final goods production Qt ; efficiency in automation of the least productive firm Qt+1 ; efficiency in automation of the most productive firm ] to setup clear-all clear-all-plots ask patches [ set pcolor white ] ;; creates blank background create-firms n-firms [ ; number of firms in slider setxy random-xcor random-ycor ;; distributes the firms randomly set size 1 set shape "house" set color grey set Yt ; adds firm-specific variable of output set qt ; adds firm-specific variable of efficiency of automation set x-qt ; adds firm-specific variable of input needed ] reset-ticks ; resets the tick counter to zero end
No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
General Tech 10 Answers
General Tech 7 Answers
General Tech 3 Answers
General Tech 9 Answers
General Tech 2 Answers
Ready to take your education and career to the next level? Register today and join our growing community of learners and professionals.