Capital and labour markets - EPPA

Capital markets are region-specific. In each region, there is a capital market for the malleable capital, which moves freely across sectors to equalize the rate of return of capital. For the vintage (nonmalleable) capital it is locked into a sector (i.e., sector-specific) and will not be able to be traded in a capital market to search for a higher rate of return in other sectors. In EPPA, labor markets are also region-specific. In the standard EPPA setting, labor is homogenous and can move across sectors freely to equalize the wage rate.

Note: The documentation of EPPA is 'in preparation' and is not yet 'published'!

Model Documentation - EPPA
Model scope and methods - EPPA Model concept, solver and details - EPPA Temporal dimension - EPPA Spatial dimension - EPPA Policy - EPPA Socio-economic drivers - EPPA Population - EPPA Economic activity - EPPA Macro-economy - EPPA Production system and representation of economic sectors - EPPA Capital and labour markets - EPPA Monetary instruments - EPPA Trade - EPPA Technological change - EPPA Energy - EPPA Energy resource endowments - EPPA Fossil energy resources - EPPA Uranium and other fissile resources - EPPA Bioenergy - EPPA Non-biomass renewables - EPPA Energy conversion - EPPA Electricity - EPPA Heat - EPPA Gaseous fuels - EPPA Liquid fuels - EPPA Solid fuels - EPPA Grid, pipelines and other infrastructure - EPPA Energy end-use - EPPA Transport - EPPA Residential and commercial sectors - EPPA Industrial sector - EPPA Other end-use - EPPA Energy demand - EPPA Technological change in energy - EPPA Land-use - EPPA Agriculture - EPPA Forestry - EPPA Land-use change - EPPA Bioenergy land-use - EPPA Other land-use - EPPA Agricultural demand - EPPA Technological change in land-use - EPPA Emissions - EPPA GHGs - EPPA Pollutants and non-GHG forcing agents - EPPA Carbon dioxide removal (CDR) options - EPPA Climate - EPPA Modelling of climate indicators - EPPA Climate damages, temperature changes - EPPA Non-climate sustainability dimension - EPPA Air pollution and health - EPPA Water - EPPA Other materials - EPPA Other sustainability dimensions - EPPA Appendices - EPPA Mathematical model description - EPPA Data - EPPA References - EPPA
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GEM-E3 GRACE IMACLIM PROMETHEUS
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Model information
Model link	https://globalchange.mit.edu/research/research-tools/eppa
Institution	Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/.
Solution concept	General equilibrium (closed economy)
Solution method	Optimization
Anticipation