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Add minimum consumptions c_min_i #982

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rickecon opened this issue Sep 5, 2024 · 0 comments
Open

Add minimum consumptions c_min_i #982

rickecon opened this issue Sep 5, 2024 · 0 comments

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@rickecon
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rickecon commented Sep 5, 2024

The theory in the OG-Core documentation includes the minimum consumption amounts $c_{min,i}\geq0$ for each consumption good $i$. Including these levels changes the household budget constraint because the minimum consumption values and the tax on those levels must be subtracted from composite consumption. This is not implemented in the code. The current code assumes $c_{min,i}=0$ for all $i$.

cc: @jdebacker

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