Land-use - ENV-Linkages
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The supply side of the land market has two components. The first component provides the aggregate supply of land. The second step allocates aggregate land across different activities allowing for a nested CET structure, the possibility of perfect mobility, and the use of the adjusted CET that preserves land additivity.
The aggregate land supply curve is allowed to have four shape - constant elasticity, a logistic curve with an upward asymptote, a generalized hyperbola also with an upward asymptote, and perfectly horizontal.
Corresponding documentation | |
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Previous versions | |
No previous version available | |
Model information | |
Model link | |
Institution | Organisation for Economic Co-operation and Development (OECD), France, https://www.oecd.org/. |
Solution concept | General equilibrium (closed economy) |
Solution method | Optimization |
Anticipation | The ENV-Linkages model is a recursive dynamic neo-classical general equilibrium model, meaning that decision-makers do not know the future when making a decision today. After it solves each period, the model then uses the resulting state of the world, including the consequences of decisions made in that period - such as resource depletion, capital stock retirements and installations, and changes to the landscape - and then moves to the next time step and performs the same exercise. |