%PARAMS  parameters for `The Optimal Quantity of Debt.'

alpha = 0.36;
g     = 0.0185;
tran  = 0.08173270311140;
L     = 0.267;
b     = 0.66660158071528;
gamma = 0.217;

tran  = .082;
alpha = .3;
delta = .075;
k     = 2.5;
r     = alpha/k-delta;

%L=.199;
L=.2797;

tau   = (gamma+tran+(r-g)*b)/(1-delta*alpha/(r+delta)+r*b);
eta   = 1/(1+(1-L)/L*((1-alpha)*(1-tau)/(1-gamma-alpha*(g+delta)/(r+delta))));
tau1  = 1-tau;
alph1 = alpha-1;
eta1  = 1-eta;
aggl  = 1/(1+eta1*(1-gamma-alpha*(g+delta)/(r+delta))/ ...
        (-eta*tau1*alph1));
con   = 1.0-gamma-alpha*(g+delta)/(r+delta);

eta,delta
mu=1.5;
(1-L) * (1-eta*(1-mu))/ mu /L

   
