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lectures/BCG_incomplete_mkts.md

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@@ -70,8 +70,7 @@ A more subtle version of a `Big K, little k` features in the BCG incomplete
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We use it to convey the heart of what BCG call a **rational conjectures** equilibrium in which conjectures are about
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equilibrium pricing functions in regions of the state space that an average consumer or firm does not visit in equilibrium.
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Note that the absence of complete markets means that we can compute competitive equilibrium prices and allocations by first solving
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the simple planning problem that we did in {doc}`Irrelevance of Capital Structure with Complete Markets <BCG_complete_mkts>`.
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Note that the absence of complete markets means that now we cannot compute competitive equilibrium prices and allocations by first solving the simple planning problem that we did in {doc}`Irrelevance of Capital Structure with Complete Markets <BCG_complete_mkts>`.
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Instead, we compute an equilibrium by solving a system of simultaneous inequalities.
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markets model with default parameter values.
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```{code-cell} python3
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:tags: ["hide-output"]
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mdl = BCG_incomplete_markets()
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kss,bss,Vss,qss,pss,c10ss,c11ss,c20ss,c21ss,𝜃1ss = mdl.solve_eq(print_crit=False)
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```
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valuations.
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```{code-cell} python3
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:tags: ["hide-output"]
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# Lists for storage
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wlist = []
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klist = []

lectures/intro.md

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This website presents a set of advanced lectures on quantitative economic modeling, designed and written by
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[Thomas J. Sargent](http://www.tomsargent.com/) and [John Stachurski](http://johnstachurski.net/).
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For an overview of the series, see [this page](https://quantecon.org/python-lectures/)
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```{tableofcontents}
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```

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