Model concept, solver and details - POLES
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Corresponding documentation | |
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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 |
POLES is a recursive dynamic simulation model. Variables are either calculated directly or are calculated based on the previous years' values, to which are applied the evolution of explanatory variables.
The model does not use foresight but rather myopic anticipation. Decisions are made with the time step's state of knowledge of parameters (costs of technologies, prices, ...). Some foresight can be forced by using alternative runs as input files.