Socio-economic drivers - POLES: Difference between revisions

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Revision as of 11:51, 17 August 2016

Model Documentation - POLES

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:

  1. a change of the economic activity (applies to Residential and Transport): this change depends on income and energy prices through appropriate elasiticies;
  2. a change in the rate of use of energy consuming equipments: this change depend on energy prices through short-term elasticities.