Typo in equation (11.10)

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This topic contains 2 replies, has 2 voices, and was last updated by Shengzhi Mao July 27, 2019 at 3:11 am.

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    Shengzhi Mao

    Hi Prof.Kindermann,

    I’m studying the last chapter, while I find that the RHS of equation 11.10 should be N_t^{R}=sum(m_j*N_t), while not just sum(m_j). Hope you can check it.

    Kind regards,
    Shengzhi Mao


    Fabian Kindermann

    Dear Shengzhi Mao,

    thanks for your comment. But I think the equation is correct, because when we aggregate L_t^s, we also use sum(m_j) and do not multiply it with N_t. In fact, all aggregates in our model are normalized such that the actual population size doesn’t play a role, only the relative population sizes, which are stored in m_j.

    I hope this explains it. Let me know if you disagree.

    Best, Fabian


    Shengzhi Mao

    I see, if both sides are normalized, that would be okay. Thanks.

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