Comparison of the mean-field approximation and the actual model simulation.
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Here we have N = 120 workers, M = 30 firms, with investment parameters λ = μ = 1/2 and initial wealths c(0) = 12,000 and C(0) = 30,000. The subscript ∞ denotes the value at the equilibrium. The last column gives the average hourly salary, assuming h = 8 hours of work per day and per workers.
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2018-05-24



