Mathematical model description - GEM-E3: Difference between revisions

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The general specification of the 1st stage problem, with a time separable Stone-Geary utility function, can be written as follows:
The general specification of the 1st stage problem, with a time separable Stone-Geary utility function, can be written as follows:
: <math> maxU_{er,t} </math>
:<math> Q = F \cdot \left(a \cdot K^r+(1-a) \cdot L^r\right)^{\frac{1}{r}} </math>

Revision as of 14:30, 18 October 2016

Model Documentation - GEM-E3

Corresponding documentation
Previous versions
Model information
Model link
Institution Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.
Solution concept General equilibrium (closed economy)
Solution method Optimization
Anticipation

The general specification of the 1st stage problem, with a time separable Stone-Geary utility function, can be written as follows:

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