simple_armington.Rd
The model is writen using the "exact hat algebra".
For example, \(\hat{q}_s = q_s'/q_s\), where q_s' is the value in the new equilibrium and q_s is the value in the old equilibrium.
simple_armington(v0, eps, eta, sigma, regions)
v0 | a vector with the initial demand values. |
---|---|
eps | a vector with supply elasticities. |
eta | the total demand price elasticity. |
sigma | the armington elasticity. |
regions | a vector with the regions names. |
Returns a list with the model components.