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notesOnHayekianTransformation.md

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First of all, have a look to the scheme in OligopolyOutline.png

SETTING THE INITIAL OR CURRENT QUANTITY TO BE PRODUCED

in Agent.py (via modelActions.txt reset)

setNewCycleValues

price to be used to establish the first global quantity, based on common.totalPlannedConsumptionInValueInA_TimeStep

for V6 Version, when

common.cycle == common.startHayekianMarket

(startHayekianMarket is the value k in the 'Making of')

being common.cycle => t

if common.startHayekianMarket > 1 if t>2 we use the price at -2 if t==2 we use the price at -1

implicitly, if common.cycle==1, makeProductionPlan gives common.totalPlannedProduction (and individual self.plannedProduction) related to the rho value and we do not need to establish neither a previous price nor the common.totalConsumptionInQuantityInPrevious_TimeStep (we will use self.plannedProduction and common.totalPlannedProduction determined by makeProductionPlan)

indeed,

in Agent.py makeProductionPlan works only if common.cycle == 1, establishing both self.plannedProduction and common.totalPlannedProduction

in Agent.py adaptProductionPlanV6

we have to take in consideration the alternative

  1. if common.cycle > 1 and common.cycle < common.startHayekianMarket: this situation excludes the case common.startHayekianMarket==1 and establishes both self.plannedProduction and common.totalPlannedProduction

  2. if common.cycle >1 and common.cycle >= common.startHayekianMarket: #the case common.cycle==1, with common.startHayekianMarket==1, is #absorbed by makeProductionPlan

in the regular situation: self.plannedProduction and common.totalPlannedProduction derive directly from common.totalConsumptionInQuantityInPrevious_TimeStep

!!!! or (NOVELTY) from common.totalConsumptionInQuantityInPrevious2_TimeStep with a mix of the two measures with weights

w and (1 - w) having (0 <= w <= 1)

and (with common.w)

common.totalConsumptionInQuantityInPrevious_TimeStep = \
  common.w * common.totalConsumptionInQuantityInPrevious_TimeStep +\
  (1 - common.w) * common.totalConsumptionInQuantityInPrevious2_TimeStep

!!!!

SETTING THE INITIAL PRICE THAT THE AGENTS ADOPT TO START THEIR ACTION IN THE HAYEKIAN PHASE

in actOnMaketPlace, how to define the initial price used to buy and sell?

if common.cycle >= common.startHayekianMarket

we have, only once, the priceWarming phase in which we differentiate the common.startHayekianMarket>1 or common.startHayekianMarket>2 cases from the ==1 case in which common.ts_df has to be created

in the common.startHayekianMarket == 1 case, when actOnMaketPlace is activated we already have common.totalPlannedConsumptionInValueInA_TimeStep and common.totalProductionInA_TimeStep

so, we can calculate common.price = common.totalPlannedConsumptionInValueInA_TimeStep
/ common.totalProductionInA_TimeStep

outside WorldState setMarketPriceV3 method, to avoid here random shocks