Energy resource endowments - GEM-E3

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Model Documentation - GEM-E3

Corresponding documentation
Model information
Model link
Institution Institute of Communication And Computer Systems (ICCS), Greece, .
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.