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Change code to use S^(1-gamma) #2

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jhconning opened this issue May 7, 2018 · 0 comments

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jhconning commented May 7, 2018

In the early days of the model we used the formulation:

S G(T,L) = s [ T^a L^(1-a)] ^g

but in the analytics it's more convenient to use

F(T,L,S) = S^(1-g) [ T^a L^(1-a)] ^g

This is preferred since then F is homogenous of degree 1 which makes a lot of math easy, and might as well have code match the math.

In principle straightforward since it's just a scaling (s = S^(1-g)) but we need to change things like factor demands., so need to test new code.

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