Residential and commercial sectors - GRACE: Difference between revisions

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GRACE simulates consumption of  one residential sector - private households. The residential sector consumes coal, oil, gas and electricity as well as other consumption goods, following a combination of  a nested CES function. Commercial activities are included in the activities of the only sector of services, which use coal, oil, gas and electricity as well as other inputs, following a combination of  a nested CES function.{{ModelDocumentationTemplate
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Latest revision as of 06:47, 7 December 2020

GRACE simulates consumption of one residential sector - private households. The residential sector consumes coal, oil, gas and electricity as well as other consumption goods, following a combination of a nested CES function. Commercial activities are included in the activities of the only sector of services, which use coal, oil, gas and electricity as well as other inputs, following a combination of a nested CES function.

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Model Documentation - GRACE

Corresponding documentation
Previous versions
No previous version available
Model information
Model link
Institution Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.
Solution concept General equilibrium (closed economy)
Solution method SimulationRecursive dynamic solution method
Anticipation