Macro-economy - TIAM-UCL
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Corresponding documentation | |
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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.