Socio-economic drivers - POLES
Jump to navigation
Jump to search
Corresponding documentation | |
---|---|
Previous versions | |
Model information | |
Model link | |
Institution | JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/. |
Solution concept | Partial equilibrium (price elastic demand) |
Solution method | SimulationRecursive simulation |
Anticipation | Myopic |
Behavioral changes is captured in 2 ways in POLES:
- a change of the economic activity (applies to Residential and Transport): this change depends on income and energy prices through appropriate elasiticies;
- a change in the rate of use of energy consuming equipments: this change depend on energy prices through short-term elasticities.