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648 | 648 | "$ C $’s that appear in the pricing functions, then\n", |
649 | 649 | "\n", |
650 | 650 | "- consumers’ Euler equations are satisfied if little $ c $’s are\n", |
651 | | - " equated to Big C’s \n", |
| 651 | + " equated to Big $ C $’s \n", |
652 | 652 | "- firms’ first-order necessary conditions for $ k, b $ are\n", |
653 | 653 | " satisfied. \n", |
654 | 654 | "- $ \\check q = q(K,B) $ and\n", |
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676 | 676 | " $ \\epsilon^* \\equiv \\log\\left(\\frac{b}{Ak^\\alpha}\\right) $. \n", |
677 | 677 | "1. (In this step we abuse notation by freezing $ V, k, b $ and in\n", |
678 | 678 | " effect temporarily treating them as Big $ K,B $ values. Thus, in\n", |
679 | | - " this step 6 little k, b are frozen at guessed at value of K, B.)\n", |
| 679 | + " this step 6 little $ k, b $ are frozen at guessed at value of $ K, B $.)\n", |
680 | 680 | " Fixing the values of $ V $, $ b $ and $ k $, compute\n", |
681 | 681 | " optimal choices of consumption $ c^i $ with consumers’ FOCs.\n", |
682 | 682 | " Assume that only agent 2 holds debt: $ \\xi^2 = b $ and that both agents\n", |
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2215 | 2215 | } |
2216 | 2216 | ], |
2217 | 2217 | "metadata": { |
2218 | | - "date": 1618812137.5370972, |
| 2218 | + "date": 1619230074.8008502, |
2219 | 2219 | "filename": "BCG_incomplete_mkts.rst", |
2220 | 2220 | "kernelspec": { |
2221 | 2221 | "display_name": "Python", |
|
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