Sentences with phrase «equilibrium model»
The phrase "equilibrium model" refers to a concept or theory that describes a balanced state where opposing forces or factors are in equal or proportional amounts, resulting in stability. Full definition
In our general equilibrium model of residential location and community choice, households base optimizing decisions on commuting costs, school quality, and land rents.
nber.org
The problem is that the equation mentioned is meant to describe equilibrium model response, rather than the transient response over time.
One of the simplest radiative equilibrium models involves the assumption of a so - called grey atmosphere, where the absorption coefficient is assumed to be independent of wavelength.
Capital accumulation and taxation in a general equilibrium model with risky human capital.
As conceived thus far, the computational general equilibrium models designed for economic trade do not adequately incorporate the processes of land - use change.
These scenarios were analyzed using the National Energy Modeling System (NEMS), an energy - economic equilibrium model of energy markets in the United States, maintained by the Department of Energy's Energy Information Administration (EIA).
The WEM is a partial equilibrium model designed to replicate how energy markets function and provides medium to long - term energy projections.
The «radiation only» equilibrium models do not address the other issue that the layers of the surface and atmosphere can warm at different rates because they have a different mix of cooling mechanisms.
The CCEA analyzed the 752 responses — which represent about one quarter of the Diaper Bank's recipients — according to the Regional Economic Model Inc.'s dynamic equilibrium model.
Subject: Cross country analysis Denmark Economic integration Finland Fiscal policy General equilibrium models Monetary policy Norway Oil prices Russian Federation Spillovers Sweden
OLR increases in the optically thinner bands would lead to atmospheric warming in general, but this has to be accompanied by OLR decreases somewhere, such as in optically thicker bands (and always in the band where optical thickness was added, assuming positive lapse rates everywhere as is the case in a 1 - dimensional equilibrium model with zero solar heating above the tropopause, or at least not too much solar heating in some distributions), which will tend to cause cooling of upper levels.
In contrast to climate models, which are biogeophysically - based systems models that incorporate time - delayed feedbacks and non-linear dynamics, the economic and demographic models that underpin the Intergovernmental Panel on Climate Change (IPCC) are price - based equilibrium models.
I'm not a modeller, though I did some economic modelling from 1966 and later directed a computable general equilibrium modelling team and commissioned modelling.
«If some are not happy with the tag «Neoclassical Economics» then we can say that Equilibrium modelling in economics has been falsified.»
Bernard, A.L., and M. Vielle, 2003: Measuring the welfare cost of climate change policies: A comparative assessment based on the computable general - equilibrium Model GEMINI - E3.
The Planck response of 1.2 K for GCMs comes from one - dimensional radiative convective equilibrium models (1DRCM) that assume the fixed lapse rate of 6.5 K / km (FLRA) and use the mathematical method of Cess (1976), equation (3).
Using a novel dataset of California RNG supply estimates, I construct a static, multi-market, partial equilibrium model of the California fuels markets to evaluate the supply response of RNG to existing California fuel policy, the Low Carbon Fuel Standard (LCFS).
RICE: A Regional Dynamic General Equilibrium Model of Optimal Climate Change Policy.
In the second study, researchers from RFF and Stanford University use a general equilibrium model of the US economy with a high degree of corporate and personal income tax detail to consider the impacts of several revenue - neutral carbon tax policies, including lump - sum recycling to households, recycling via cuts in individual labor and capital income tax rates, recycling via cuts in corporate tax rates, and more.
Just a classic general equilibrium models, efficient markets, smooth continuous price movements, the Phillips curve, Black - Scholes — I'm good friends with Myron Scholes, and he's taught me a lot, but there's a lot of flaws in that model.
Alpha can also refer to the abnormal rate of return on a security or portfolio in excess of what would be predicted by an equilibrium model like CAPM.
Deloitte Access Economics (DAE) was commissioned by Tabcorp to model public benefits of cost savings they anticipated from the merger DAE's Regional General Equilibrium computer general equilibrium model (CGE model) to estimate «broader and long - term economy - wide benefits associated with the merger» (para 514)
Equilibrium models can not currently reproduce trends in Antarctic sea ice variability [17].
Epple and Romano (1998) develop a general equilibrium model
Alpha can also refer to the abnormal rate of return on a security or portfolio in excess of what would be predicted by an equilibrium model like CAPM.
Instead, he inappropriately fed his Fantasy IPCC predictions of CO2 concentration into equations meant to describe the EQUILIBRIUM model response to different CO2 concentrations.
For an equilibrium model, the first step is to make a control run using nominal pre-industrial atmospheric CO2 concentrations.
To analyse specific effects, we formulate a partial - equilibrium model to depict linking.
Costa Rica, Guatemala, Colombia and Rwanda are currently experimenting with an integrated environmental - economic general equilibrium model that makes use of their natural capital accounts.
A general equilibrium model to assess China's agricultural prospects and challenges up to 2030, covering national, regional and county level.
Aggregate quantities are often based on IAMs or economic models such as General Equilibrium Models (van Meijl et al., 2006) or input - output approaches (Fischer and Sun, 2001).
We use a computable general equilibrium model... to investigate the effect of combining a fuel economy standard with an economy - wide GHG emissions constraint in the United States.
Ansari, Dawud (2017): OPEC, Saudi Arabia, and the Shale Revolution: Insights from Equilibrium Modelling and Oil Politics.
Shashank has extensive experience building and leveraging a wide variety of economic and energy system modeling, including computable general equilibrium models, econometric growth models, National Energy Modeling System, and input - output analysis, to inform market and policy - relevant energy, economic and environmental analysis.
Of these, radiative and radiative - convective equilibrium models have received great attention..
Her main research interests include economy - environment modelling, regional economics, input - output analysis and regional computable general equilibrium modelling.
The value of these dynamic radiative convective equilibrium models, even in these small idealized domains, is in testing our undersatanding of moist convection.)