Code: Select all
param sigma .5 psi 1 alphal 0.05 alphae 0.01
ly = log(psi(1)) + sigma(1)/(sigma(1) -1) *log(kl*(exp(alphal(1)*beta*t)*(lbar^beta)*(kbar^(1-beta)))^((sigma(1) -1)/sigma(1))+(1-kl)*(exp(alphae(1)*t)*quality*ebar)^((sigma(1) -1)/sigma(1)))
les = (sigma(1) -1)/sigma(1) * (log(psi(1)) + log(quality)+alphae(1)*t)+ (1-sigma(1))/sigma(1) * ly + (1+sigma(1))*log(ebar) + log(1-kl)
lls = (sigma(1) -1)/sigma(1) * (log(psi(1)) + alphal(1)*beta*t + beta*log(lbar) + (1-beta) * log(kbar)) + (1-sigma(1))/sigma(1) * ly + log(kl*beta)
