Residential and commercial sectors - GRACE

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GRACE simulates consumption of one residential sector - private households. The residential sector consumes coal, oil, gas and electricity as well as other consumption goods, following a combination of a nested CES function. Commercial activities are included in the activities of the only sector of services, which use coal, oil, gas and electricity as well as other inputs, following a combination of a nested CES function.

Alert-warning.png Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE

    Corresponding documentation
    Previous versions
    No previous version available
    Model information
    Model link
    Institution Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.
    Solution concept General equilibrium (closed economy)
    Solution method SimulationRecursive dynamic solution method
    Anticipation