Model concept, solver and details - COFFEE-TEA
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TEA (Total Economy Assessment) is a multi-regional and multi-sectorial CGE model that tracks the production and distribution of goods in a dynamic recursive setup for the global economy. The model is based on the MIT EPPA model[1][2] and on GTAPinGAMS[3].
The model is formulated as mixed complementary problem (MCP) and is solved through Mathematical Programming System for General Equilibrium -- MPSGE[4] within GAMS using the PATH solver. It assumes total market clearance (through commodity price equilibrium), zero profit condition for producers (with constant-returns-to-scale) and perfect competition to reach general equilibrium.
Corresponding documentation | |
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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 |