Table 2 Goods’ variables, description and type
From: The diffusion of goods with multiple characteristics and price premiums: an agent-based model
Variable | Description | Type |
|---|---|---|
\(\mathbf {C_g}\) | Characteristics. The set of characteristics a good g has (written \(C_{g,a}\) to denote a single characteristic a) | Exogenous-binary-vector |
\(p_g\) | Price. The cost of purchasing a given good g, defined as a function of the number of 1s in \(\mathbf {C_g}\) | Exogenous-discrete |