Differences

This shows you the differences between two versions of the page.

--- market_module_for_agricultural_outputs [2020/04/07 09:39] – [Behavioural equations for the processing industry] matsz
+++ market_module_for_agricultural_outputs [2020/04/10 08:45] – [Price linkages] matsz
@@ Line 351: / Line 351: @@
 The Armington aggregator functions are already shown in the diagram above. The compositions inside of the Armington composite goods can be derived from first order conditions of utility maximisation under budget constraints and lead to the following conditions:
+FIXME
 \begin{equation}
-\frac{v\_arm2Quant_{i,r}}{v\_domSales_{i,r}}= \left( \frac{dp_{i,rw,r}}{dp_{i,r,r}} \frac {pmrk_{i,r}}{arm2pricep_{i,r}} \right )^{1/(1+\phi_1)}
+\frac{v\_arm2Quant_{i,r}}{v\_domSales_{i,r}}= \left( \frac{dp_{i,rw,r}}{dp_{i,r,r}} \frac {pmrk_{i,r}}{arm2pricep_{i,r}} \right )^{\frac{1}{1+\phi_1}}
 \end{equation}
@@ Line 360: / Line 360: @@
 \begin{equation}
-\frac{v\_tradeFlows_{i,r,r1}}{v\_tradeFlows_{i,r,r2}}= \left( \frac{dp_{i,r,r1}}{dp_{i,r,r2}} \frac {impp_{i,r,r2}}{impp_{i,r,r1}} \right )^{1/(1+\phi_2)}
+\frac{v\_tradeFlows_{i,r,r1}}{v\_tradeFlows_{i,r,r2}}= \left( \frac{dp_{i,r,r1}}{dp_{i,r,r2}} \frac {impp_{i,r,r2}}{impp_{i,r,r1}} \right )^{\frac{1}{1+\phi_2}}
 \end{equation}