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Take A QuizGeneral 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.
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manpreet
Best Answer
2 years ago
Background of equation:
I'm trying to apply Agent-based Computational Economics on NetLogo. But I'm struggling with coding an integral equation (her: /int):
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.
My question:
Is NetLogo able to solve this or do I need to use an extension such as R or Mathematica?
THANKS A LOT!