Hello,
I have a system with 6 differential equations that I try to solve with NDSolve.
The code I use is ;
u[c_] := (c^(1 - \[Sigma]) - 1^(1 - \[Sigma]))/(1 - \[Sigma])
f[s_] := s + g s (1 - s/sbar1)
h[s_] := (2 hbar)/(1 + Exp[\[Eta] (s/sbar - 1)])
mit[m_] := m^\[Alpha]
co[a_] := \[Phi] (a^2)/2
\[Psi][k_] := wbar (\[Omega] + (1 - \[Omega]) Exp[-\[Gamma] k])
The calibration I use ;
paramFinal3 = {\[Sigma] -> 1.5, \[Rho] -> 0.025, g -> 0.05, sbar -> 51.25, \[Eta] -> 5, hbar -> 0.5, \[Chi] -> 10, \[Omega] -> 0.9, \[Delta] -> 0.065, \[Phi] -> 0.5, sbar1 -> 5, pricemit -> 0.0005, \[Alpha] -> 0.75, wbar -> 10, \[Gamma] -> 0.6};
My equation system is ;
dec1 = c'[t] == u'[c[t]]/u''[c[t]] (f'[s[t]] - (\[Rho] + h[s[t]]) - (\[Psi][k[t]] h'[s[t]])/u'[c[t]] - (h'[s[t]] adj3[t])/u'[c[t]] );
dea1 = a'[t] == - (co'[a[t]]/co''[a[t]] (\[Rho] + h[s[t]] + (\[Psi]'[k[t]] h[s[t]])/co'[a[t]] + \[Delta]));
deadj1 = adj3'[t] == -((\[Rho] + h[s[t]]) adj3[t] - (u[c[t]] - \[Psi][k[t]] h[s[t]] - co[a[t]] - pricemit mit[m[t]]));
des1 = s'[t] == -(f[s[t]] - c[t] + mit[m[t]]);
dek1 = k'[t] == -(a[t] - \[Delta] k[t]);
dem1 = m'[t] == -(mit'[m[t]]/mit''[m[t]] (f'[s[t]] - (\[Rho] + h[s[t]]) - (\[Psi][k[t]] h'[s[t]])/u'[c[t]] - (h'[s[t]] adj3[t])/u'[c[t]]));
deast1 = st3'[t] == -(-h[s[t]] st3[t]);
I use NDSolve as follows ;
nbsa = NDSolve[{dec1 /. paramFinal3, des1 /. paramFinal3, dea1 /. paramFinal3, dek1 /. paramFinal3, deadj1 /. paramFinal3, dem1 /. paramFinal3, deast1 /. paramFinal3, c[0] == 49.8, s[0] == 126 , a[0] == 0.0077, k[0] == 4.1, adj3[0] == 65.2, m[0] ==330, st3[0] == 0}, {c[t], s[t], k[t], a[t], adj3[t], m[t], st3[t]}, {t, 0, 350}]
The code gives the following error ;
NDSolve::ndfdmc: Computed derivatives do not have dimensionality consistent with the initial conditions. >>
I looked on examples given on the site and MathematicaSE but none of them helped.
Thanks in advance.