Macro-economy - TIAM-UCL: Difference between revisions
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The economy is represented for each region by linking TIAM-UCL with Macro Stand Alone (MSA) module to allow consideration of the rest of the economy beyond energy i.e. general not partial equilibrium, and endogenises demand changes. | The economy is represented for each region by hard-linking TIAM-UCL with Macro Stand Alone (MSA) module to allow consideration of the rest of the economy beyond energy i.e. general not partial equilibrium, and endogenises demand changes. | ||
Latest revision as of 21:54, 15 December 2016
| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | University College London (UCL), UK, https://www.ucl.ac.uk. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Linear optimisation |
| Anticipation | Perfect Foresight
(Stochastic and myopic runs are also possible) |
The economy is represented for each region by hard-linking TIAM-UCL with Macro Stand Alone (MSA) module to allow consideration of the rest of the economy beyond energy i.e. general not partial equilibrium, and endogenises demand changes.