Skip to content

Commit 4e265e7

Browse files
Tom's edit of one quantecon lecture
1 parent 85d3c06 commit 4e265e7

File tree

1 file changed

+4
-2
lines changed

1 file changed

+4
-2
lines changed

lectures/BCG_incomplete_mkts.md

Lines changed: 4 additions & 2 deletions
Original file line numberDiff line numberDiff line change
@@ -70,8 +70,7 @@ A more subtle version of a `Big K, little k` features in the BCG incomplete
7070
We use it to convey the heart of what BCG call a **rational conjectures** equilibrium in which conjectures are about
7171
equilibrium pricing functions in regions of the state space that an average consumer or firm does not visit in equilibrium.
7272

73-
Note that the absence of complete markets means that we can compute competitive equilibrium prices and allocations by first solving
74-
the simple planning problem that we did in {doc}`Irrelevance of Capital Structure with Complete Markets <BCG_complete_mkts>`.
73+
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>`.
7574

7675
Instead, we compute an equilibrium by solving a system of simultaneous inequalities.
7776

@@ -1832,6 +1831,9 @@ p1list = []
18321831
p2list = []
18331832
18341833
# For loop: optimization for each endowment combination
1834+
1835+
1836+
18351837
for i in range(10):
18361838
print(i)
18371839

0 commit comments

Comments
 (0)