Energy resource endowments - GEM-E3
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| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | Ricardo (Ricardo), Greece, https://www.ricardo.com/en. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | |
GEM-E3 considers only energy related depletable resources. Coal, oil and gas sectors are associated with the respective reserves. For the depletable resource sectors reserves are considered to be a discrete production factor. The international price of the fossil fuel is calculated so as to balance total supply and total demand of reserves.