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The Planckian locus is derived by the determining the chromaticity values of a Planckian radiator using the standard colorimetric observer. The relative spectral power distribution (SPD) of a Planckian radiator follows Planck's law, and depends on the second radiation constant, c 2 = h c / k {\displaystyle c_{2}=hc/k} .
An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical , framework designed to illustrate complex processes.
The CIE 1931 x,y chromaticity space, also showing the chromaticities of black-body light sources of various temperatures (Planckian locus), and lines of constant correlated color temperature Color temperature is a parameter describing the color of a visible light source by comparing it to the color of light emitted by an idealized opaque, non ...
The solid curve with dots on it, through the middle, is the Planckian locus, with the dots corresponding to a few select black-body temperatures that are indicated just above the x-axis. The figures on the right show the related chromaticity diagram. The outer curved boundary is the spectral locus, with wavelengths shown in nanometers. The ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The even spacing of the isotherms on the locus implies that the mired scale is a better measure of perceptual color difference than the temperature scale. The notion of using Planckian radiators as a yardstick against which to judge other light sources is not new. [6]
The Planckian locus on the MacAdam (u, v) chromaticity diagram. The normals are lines of equal correlated color temperature. The CIE 1960 color space ("CIE 1960 UCS", variously expanded Uniform Color Space, Uniform Color Scale, Uniform Chromaticity Scale, Uniform Chromaticity Space) is another name for the (u, v) chromaticity space devised by David MacAdam.
It is suggested that modern mainstream economics is based entirely on DSGE models. [10] [5] Therefore, the importance of microfoundations lies in its synonymous relationship with DSGE. [11] The Smets-Wouters model is one example of the importance of microfoundations as it is regarded as a benchmark model for analysing monetary and fiscal policy ...