# Baseline configuration — UQO WP25 (annual frequency, illustrative US calibration; see docs/parameter_ledger.csv)
seed: 20261027
economy:
  beta: 0.96          # discount factor (annual)
  gamma: 2.0          # CRRA
  alpha: 0.33         # capital share of value added in the task bundle nest
  delta: 0.06         # depreciation of physical capital
  nu: 0.5             # Frisch elasticity (Model A: labour fixed unless frisch_on)
  chi: 1.0            # labour disutility scale (set so that l=1/3 in steady state)
  rho_z: 0.90         # TFP persistence (annual)
  sigma_eps: 0.02     # TFP innovation s.d. (annual)
  tasks:
    iota_bar: 0.5     # technologically automatable task share (frontier)
    psi0: 1.0         # compute productivity at task 0
    psi1: 3.0         # decay of compute productivity across tasks
  compute:
    KQ: 0.0           # compute stock (0 = zero-AI limit); set by scenarios
    delta_Q: 0.20     # compute depreciation
    pK_Q0: 1.0        # price of a unit of compute capital in goods at t=0
    g_Q: 0.25         # annual decline rate of compute capital price
    supply_elasticity: 1.0  # long-run supply elasticity of compute (0 = fixed stock)
    qbar: 0.002       # compute units per delegated decision per year
    ebar: 0.001       # energy units per delegated decision per year
    pE: 1.0           # energy price in goods
    tau_s: 0.01       # supervision time per delegated decision (share of time endowment)
information:
  tau_theta: 2500.0   # prior precision of theta = 1/sigma_eps^2
  tau_H_mean: 500.0   # mean precision of human private signals
  tau_H_dispersion: 1.0   # log-normal dispersion of human precision across households
  tau_A: 5000.0       # precision of foundation-model signal
  M: 1                # number of independent foundation models
  kappa_dist: {type: lognormal, mu: -6.0, sigma: 1.0}   # delegation disutility distribution (utility units)