Comment by agf
8 days ago
> Parameter Selection
> ... The price elasticity of import demand, ε, was set at 4.
> ... The elasticity of import prices with respect to tariffs, φ, is 0.25. ...
8 days ago
> Parameter Selection
> ... The price elasticity of import demand, ε, was set at 4.
> ... The elasticity of import prices with respect to tariffs, φ, is 0.25. ...
Those two letters are Greek! Tariff them! Substitute them with superior American letters, like... you know what you have to do!