Temporal dimension - GEM-E3 - Revision history

Leonidas Paroussos at 10:59, 17 October 2016

2016-10-17T10:59:11Z

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	GEM-E3 is a recursive dynamic model solved ~~sequential~~ over time. In GEM-E3 model agents have myopic expectations. Their future planning is based on current prices. It is assumed that investment that takes place in time ''t'' increases the production capacity at time ''t+1''. The current version of the GEM-E3 is calibrated to ~~2004~~ (base year data). The model runs up to 2050 with 5 year time steps.		GEM-E3 is a recursive dynamic model solved sequentially over time. In GEM-E3 model agents have myopic expectations. Their future planning is based on current prices. It is assumed that investment that takes place in time t increases the production capacity at time t+1. The current version of the GEM-E3 is calibrated to 2011 (base year data). The model runs up to 2050 with 5 year time steps.

Rineke Oostenrijk: 1 revision imported

2016-08-17T09:29:05Z

1 revision imported

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Revision as of 11:29, 17 August 2016

Rineke Oostenrijk at 09:16, 16 August 2016

2016-08-16T09:16:54Z

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{{ModelDocumentationTemplate
|IsDocumentationOf=GEM-E3
|DocumentationCategory=Temporal dimension
}}
GEM-E3 is a recursive dynamic model solved sequential over time. In GEM-E3 model agents have myopic expectations. Their future planning is based on current prices. It is assumed that investment that takes place in time ''t'' increases the production capacity at time ''t+1''. The current version of the GEM-E3 is calibrated to 2004 (base year data). The model runs up to 2050 with 5 year time steps.