Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Fix typos in docs #399

Merged
merged 3 commits into from
Nov 23, 2024
Merged
Changes from all commits
Commits
File filter

Filter by extension

Filter by extension

Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
8 changes: 4 additions & 4 deletions docs/book/content/CCC_guide.md
Original file line number Diff line number Diff line change
Expand Up @@ -38,7 +38,7 @@ r^{'}_{m,j}-\pi = f_{m,j}\left[i-\pi\right] + (1-f_{m,j})E_{j},
where $f_{m,j}$ represents the fraction of the marginal investment financed with debt by firms in industry $m$ and of tax entity type $j$.

In addition to the cost of capital, the `Cost-of-Capital-Calculator` reports two related measures:
* The user cost of capital (ucc): $ucc_{i,m,j} = \rho_{i,m,j} + delta_{i}$
* The user cost of capital (ucc): $ucc_{i,m,j} = \rho_{i,m,j} + \delta_{i}$
* The tax wedge, which is the difference between the before tax rate of return (which is equivalent to the cost of capital for marginal investments) and the after-tax return top savings. The tax wedge = $\rho_{i,m,j}-s_{m,j}$

(sec:METR)=
Expand Down Expand Up @@ -86,14 +86,14 @@ where $phi$ are the fraction of inventories that use FIFO accounting and $\rho_{

```{math}
:label: eqn:inventory_fifo
\rho_{FIFO} = \frac{1}{Y_v} log(\frac{e^{(Y_v} - u_{j}}{(1 - u_{j})} - \pi,
\rho_{FIFO} = \frac{1}{Y_v} ln \left(\frac{e^{rY_v} - u_{j}}{(1 - u_{j})} \right) - \pi,
```

and

```{math}
:label: eqn:inventory_lifo
\rho_{LIFO} = \frac{1}{Y_v} log(\frac{e^{(r_{m,j}-\pi)Y_v} - u_{j}}{(1 - u_{j})} - \pi,
\rho_{LIFO} = \frac{1}{Y_v} ln \left(\frac{e^{(r_{m,j}-\pi)Y_v} - u_{j}}{(1 - u_{j})} \right) - \pi,
```

where $Y_{v}$ is the average number of years that inventories are held.
Expand Down Expand Up @@ -177,7 +177,7 @@ Some investment decisions are discrete: build the new plant or not, pursue this

```{math}
:label: eqn:eatr
EATR = \left(\frac{p_{i,m,j} - rho_{i,m,j}}{p_{i,m,j}}\right)u_{j} + \left(\frac{\rho_{i,m,j}}{p_{i,m,j}}\right)METR_{i,m,j},
EATR = \left(\frac{p_{i,m,j} - \rho_{i,m,j}}{p_{i,m,j}}\right)u_{j} + \left(\frac{\rho_{i,m,j}}{p_{i,m,j}}\right)METR_{i,m,j},
```

where $p_{i,m,j}$ is the rate of profit on the project. Note that the $EATR$ is equal to the $METR$ for marginal projects - those who's rate of profit is equal to the cost of capital.
Expand Down
Loading