Recent content by Sammuueel

Thank you Jacqueline! This is from a model where the demand of a consumer accumulates if he does not make a purchase in one period. This accumulated deteriorates with a factor ρ (e.g.0.9). After k periods without purchase, the demand is \rho + \rho^2 + ... + \rho^k = \frac{1-\rho^k}{1-\rho}...

I can perfectly follow you, thank you for you quick reply. But I am not sure if the exponential of x(1-\ln x) equals e^x(e^{1-\ln x})? Kind regards, Samuel

Dear Forum, I am a researcher in the field of microeconomics and I came across this equation which I would like to solve for k. \Omega = \rho^k (1-k\cdot \ln \rho) It looks a little bit like the Lambert function. But I am stuck here. Do you have an idea how I could proceed? Kind...

Dear Forum, I am a researcher in the field of microeconomics and I came across this equation which I would like to solve for k. It looks a little bit like the Lambert function. But I am stuck here. \Omega = \rho^k (1-k\cdot \ln \rho) Do you have an idea how I could proceed? Kind...