Fortran Toolkit

`crra`

function crra(x,b) result(u)
  implicit none
  real(kind=8) :: x,b
  real(kind=8) :: u

This function evaluates a CRRA utility function:

\[u = \begin{cases} \dfrac{x^b}{b} & \text{ if } b>0 \\ \\ \log{x} & \text{ if } b\approx 0 \end{cases}\]

where x and bare supplied by the user.

Internal dependencies: none