Socio-economic drivers - POLES: Difference between revisions
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Revision as of 10:51, 17 August 2016
| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | SimulationRecursive simulation |
| Anticipation | Myopic |
Behavioral changes is captured in 2 ways in POLES:
- a change of the economic activity (applies to Residential and Transport): this change depends on income and energy prices through appropriate elasiticies;
- a change in the rate of use of energy consuming equipments: this change depend on energy prices through short-term elasticities.