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 modelyang1996miteppapaltsev2005emissions and on GTAPinGAMSrutherford1997gtapingams.
The model is formulated as mixed complementary problem (MCP) and is solved through Mathematical Programming System for General Equilibrium -- MPSGErutherford1999applied within GAMS using the PATH solverferris2000co. 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 |