I am trying to practice with 'fsolve' and have not figured out fully what's been going on with the following code. Can anyone please shed some light on it?
function N=productivity1(N,Ac,Aw)
global Thetac Thetaw tau a b
N=[N(1),N(2)];
N=[N(1)-(Thetac/a)^(1/b)*(1+tau)*Ac;
N(2)-(Thetaw/a)^(1/b)*(1+tau)*Aw;
N(1)+N(2)-1]; %this meant to be a constraint...
end
N0=[0.7,0.3]; %initial guess for x
option=optimset('Display','iter');
result=fsolve(@(N)productivity1(N,Ac0,Aw0),N0,option);
Here are the details:
Ac=2
Aw=20
Ac and Aw should take values such that N(1)+N(2)=1, the starting values of Ac and Aw are not fixed
Fixed parameter values
Thetac=0.6
Thetaw=0.6
tau=0.07
a=0.01
b=0.8
The output is the same as the vector of initial values regardless of value of the above parameters. This is the issue I am facing.