Trade - COFFEE-TEA: Difference between revisions
Jump to navigation
Jump to search
Note: The documentation of COFFEE-TEA is 'under review' and is not yet 'published'!
(Edited automatically from page TEA setup.) |
m (Text replacement - "IsDocumentationOf=TEA" to "IsDocumentationOf=COFFEE-TEA") |
||
| (6 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
{{ModelDocumentationTemplate | {{ModelDocumentationTemplate | ||
|IsDocumentationOf=TEA | |IsEmpty=No | ||
|IsDocumentationOf=COFFEE-TEA | |||
|DocumentationCategory=Trade | |DocumentationCategory=Trade | ||
}} | }} | ||
In the TEA model, international trade follows an Armington's aggregation[[CiteRef::armington1969theory]], in which a composite CES function differentiate consumer's preferences between imported and domestic goods. | |||
In the COFFEE model, international trade of energy and agriculture commodities is explicitely represented. Partial equilibrium is reached in a minimun cost basis, whereas trade between regions is part of the solution. | |||
Latest revision as of 11:58, 6 September 2019
Note: The documentation of COFFEE-TEA is 'under review' and is not yet 'published'!| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | COPPE/UFRJ (Cenergia), Brazil, http://www.cenergialab.coppe.ufrj.br/. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | The COFFEE model is solved through Linear Programming (LP). The TEA model is formulated as a mixed complementary problem (MCP) and is solved through Mathematical Programming System for General Equilibrium -- MPSGE within GAMS using the PATH solver. |
| Anticipation | |
In the TEA model, international trade follows an Armington's aggregationarmington1969theory, in which a composite CES function differentiate consumer's preferences between imported and domestic goods.
In the COFFEE model, international trade of energy and agriculture commodities is explicitely represented. Partial equilibrium is reached in a minimun cost basis, whereas trade between regions is part of the solution.