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xekoukou / econ_simul_1

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Prices cannot go lower so that the theoretical profit is negative. #1

Open xekoukou opened 5 years ago

xekoukou commented 5 years ago

The theoretical profit is determined by both prices , wages and opportunity (type of production).

At the same time, the best opportunity is chosen based on the prices and wages.

I have put as an invariant that the agent cannot change prices so that the theoretical profit is negative.

But with a different opportunity , the prices could go lower.

xekoukou commented 5 years ago

I think this will not cause a problem, because the algorithm kills companies with low profitability, thus the new company will pick a random opportunity and it will try again to optimize production for profitability.