deploy: 0ad4aeb

Author: mmcky

_notebooks/BCG_complete_mkts.ipynb

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     "\n",
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   {
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    "source": [
     "# Irrelevance of Capital Structures with Complete Markets"
    ]
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    "cell_type": "markdown",
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     "## Contents\n",
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     "In addition to what’s in Anaconda, this lecture will need the following libraries:"
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   },
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    "cell_type": "markdown",
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    "source": [
     "## Introduction\n",
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    "source": [
     "### Setup\n",
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   },
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     "### Endowments\n",
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    "source": [
     "### Technology:\n",
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   },
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    "source": [
     "### Preferences:\n",
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   {
    "cell_type": "markdown",
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    "source": [
     "### Parameterizations\n",
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   },
   {
    "cell_type": "markdown",
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    "source": [
     "### Pareto criterion and planning problem\n",
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   },
   {
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    "source": [
     "### Helpful observations and bookkeeping\n",
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   },
   {
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    "source": [
     "#### Remarks\n",
@@ -368,7 +368,7 @@
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   {
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    "source": [
     "## Competitive equilibrium\n",
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   },
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    "source": [
     "### Measures of agents and firms\n",
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    "source": [
     "#### Ownership\n",
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   },
   {
    "cell_type": "markdown",
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    "source": [
     "#### Asset markets\n",
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   },
   {
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    "source": [
     "### Objects appearing in a competitive equilibrium\n",
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   },
   {
    "cell_type": "markdown",
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    "source": [
     "### A representative firm’s problem\n",
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   {
    "cell_type": "markdown",
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    "source": [
     "### A consumer’s problem\n",
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   {
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    "source": [
     "### Computing competitive equilibrium prices and quantities\n",
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   },
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    "cell_type": "markdown",
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    "source": [
     "### Modigliani-Miller theorem\n",
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   {
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    "source": [
     "## Code\n",
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   {
    "cell_type": "markdown",
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    "source": [
     "### Examples\n",
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   },
   {
    "cell_type": "markdown",
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    "source": [
     "#### 1st example\n",
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     "Let’s plot the agents’ time-1 endowments with respect to shocks to see\n",
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   },
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    "source": [
     "Let’s also compare the optimal capital stock, $ k $, and optimal\n",
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    "source": [
     "#### 2nd example\n",
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   "filename": "BCG_complete_mkts.md",
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