| density_development {IGCities} | R Documentation |
Computes residential and commercial floorspace supply and equilibrium prices.
Description
Computes residential and commercial floorspace supply and equilibrium prices.
Usage
density_development(Q, K, w, L_j, y_bar, L_i, beta, alpha, mu)
Arguments
Q |
Nx1 array - Floorspaces prices. |
K |
Nx1 array - Land supply. |
w |
NxS - Wages in each location in each sector. |
L_j |
Nx1 matrix - Number of workers in each location. |
y_bar |
|
L_i |
Nx1 matrix - Number of residents in each location. |
beta |
Float - Cobb-Douglas parameter output elasticity wrt labor. |
alpha |
Float - Utility parameter that determines preferences for consumption. |
mu |
Float - Floorspace prod function: output elast wrt capita, 1-mu wrt land. |
[Package IGCities version 0.2.0 Index]