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Bug #93
openLand's effect on production
Added by Jake Wit about 2 years ago. Updated almost 2 years ago.
Start date:
04/25/2022
Due date:
% Done:
0%
Estimated time:
Description
We are running experiments to try and determine how land affects overall production
Updated by Jake Wit about 2 years ago
Initial note¶
- The change in the health of a plot of land associated with a firm affects the amount it can produce
- The amount a firm can produce depends on the productive capacity of the land
- The control/baseline would be land has no effect on production
- Potentially adjust the maximum productive capacity for the plots of land
- Keep competency constant during runs, and then adjust competency for each experiment
- The general idea is that as competency and maximum productive capacity increase, the economy should approach the behavior of an economy where land has no effect, and as those parameters decrease, the economy should shrink
- Variables worth looking at: unemployment, price, unsatisfied-demand, total output (units of production), profitability, turnover rate, firm and household wealth concentration - save the whole time series for all of these variables, make sure to keep track of git hash and the random seed
- Eventually we'll also want to look at this for the two firm case
Updated by Jake Wit almost 2 years ago
Questions for today's meeting¶
- Should firm competency be constant across firms? Or should it be randomly distributed around a predetermined mean? - do both, for the first set of experiments, keep it constant, for another set of experiments do a distribution
- Is optimal soil health the same as maximum productive capacity? - in a word, no, it's something that isn't in the model right now, we need to update the model
- What values of optimal soil health and firm competency should in theory be the same as not having land affect the model? - basically not a relevant question
Updated by Jake Wit almost 2 years ago
Follow up on today's meeting¶
- Need to schedule another meeting to discuss maximum productive capacity
- How do we want to define it? Is it a function that depends on labor? Does it approach a limit? Or is it a singular value?
- Does actual production depend on land too? I.e, is maximum productive capacity assuming that the soil health is optimal?
Updated by Jake Wit almost 2 years ago
Progress report 5/16/22¶
- I've spent most of my time over the last week trying to write an appropriate function for output based on labor, maximum productive capacity, and diminishing returns
- I am struggling to get the function to do what I want it to, because I need to control both the function's value and its derivative
- I can't seem to line both of them up
Updated by Jake Wit almost 2 years ago
Progress report June 6¶
- Rerun the experiment but include average inventories and the average age of firms
- See if the upward trend continues in unemployment
- look at some time-series graphs for unemployment, sales, and current profit; do it around max productive capacity of 50, 75 and 100
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