From e044bc433959d273f74005b600c45ecf0cbbec91 Mon Sep 17 00:00:00 2001 From: mmcky Date: Wed, 5 Nov 2025 14:42:50 +1100 Subject: [PATCH] Fix duplicate equation label lake_lamda Renamed equation label from 'lake_lamda' to 'endogenous_lake_lambda' to avoid duplicate label warning with lake_model.md. Updated the corresponding equation reference to use the new label name. Resolves warning: duplicate label of equation lake_lamda, other instance in lake_model --- lectures/endogenous_lake.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/lectures/endogenous_lake.md b/lectures/endogenous_lake.md index fed4191a5..9e93ad7a4 100644 --- a/lectures/endogenous_lake.md +++ b/lectures/endogenous_lake.md @@ -310,7 +310,7 @@ But their optimal decision rules determine the probability $\lambda$ of leaving This is now ```{math} -:label: lake_lamda +:label: endogenous_lake_lambda \lambda = \gamma \mathbb P \{ w_t \geq \bar w\} @@ -365,7 +365,7 @@ The lump-sum tax applies to everyone, including unemployed workers. For each specification $(c, \tau)$ of government policy, we can solve for the worker's optimal reservation wage. -This determines $\lambda$ via {eq}`lake_lamda` evaluated at post tax wages, +This determines $\lambda$ via {eq}`endogenous_lake_lambda` evaluated at post tax wages, which in turn determines a steady state unemployment rate $u(c, \tau)$. For a given level of unemployment benefit $c$, we can solve for a tax that balances the budget in the steady state