What is the equilibrium value of n how is this value affect


Use the parameter values from the previous exercise with the modification that pay in the occupation permitting evasion is given by $90,000[1 - n], where n is the proportion of the population choosing this occupation. What is the equilibrium value of n? How is this value affect by an increase in t?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: What is the equilibrium value of n how is this value affect
Reference No:- TGS01586319

Expected delivery within 24 Hours