Table 6 Outcomes in the baseline model equilibrium

U ^k

0.0681

0.0681

0.0629

0.0812

\(N_{s}^{k}\)

0.1608

0.1608

0.1529

0.1830

\(N_{e}^{k}\)

0.2711

0.2711

0.2842

0.2358

\(\mathrm {E}\left [h_{u}^{k}(y)\right ]\)

0.5901

0.5901

0.6147

0.5398

\(\text {Var}\left [h_{u}^{k}(y)\right ]\)

0.0920

0.0920

0.0887

0.0964

\(\mathrm {E}\left [h_{s}^{k}(y)\right ]\)

0.7657

0.7657

0.7796

0.7297

\(\text {Var}\left [h_{s}^{k}(y)\right ]\)

0.0263

0.0263

0.0232

0.0340

\(\mathrm {E}\left [h_{e}^{k}(y)\right ]\)

0.3197

0.3197

0.3242

0.3080

\(\text {Var}\left [h_{e}^{k}(y)\right ]\)

0.0386

0.0386

0.0386

0.0388

E[g^k(w)]

0.4521

0.4521

0.4593

0.4342

Var[g^k(w)]

0.0003

0.0003

0.0002

0.0006

y ^{∗ k}

0.3824

0.3824

0.4010

0.3347

y ^{∗∗ k}

0.5770

0.5770

0.6920

0.6920

v

0.0687

0.0687

0.1128

0.1128

θ

0.5046

0.5046

0.7827

0.7827