Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099065 | Journal of Economic Dynamics and Control | 2009 | 14 Pages |
Abstract
We present a decomposition of the integrated MCP formulation that permits a convenient combination of top-down general equilibrium models and bottom-up energy system models for energy policy analysis. We advocate the use of complementarity methods to solve the top-down economic equilibrium model and quadratic programming to solve the underlying bottom-up energy supply model. A simple iterative procedure reconciles the equilibrium prices and quantities between both models.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Christoph Böhringer, Thomos F. Rutherford,