Trade - COFFEE-TEA: Difference between revisions
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Note: The documentation of COFFEE-TEA is 'under review' and is not yet 'published'!
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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. | |||
Revision as of 16:00, 25 February 2019
Note: The documentation of COFFEE-TEA is 'under review' and is not yet 'published'!| Corresponding documentation | |
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| 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.