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Market clearing conditions holds for all commodities and primary factors markets.
However, we have already derived two market clearing conditions in (4) and n equations in (9).
Also, the clearing conditions of these adjustable products are analytically described.
Specially, the optimal solutions were obtained under market clearing conditions, which are much stricter constraints compared with our previous work.
To accomplish this imperative task, all components of the GTAP-BIO-AEZ model including production, demand, and supply functions as well as market clearing conditions are revisited.
Equations (1) - (25) omit superscripts for demand and supply as market clearing conditions are imposed, requiring demand and supply to equal.
Similar(48)
The NG price is determined by the supply and demand through the market clearing condition, as shown in Eq. (11).
Finally, the wholesale electricity price at time t is determined by the market clearing condition for the wholesale electricity market.
By the wholesale market clearing condition, (Q_{t}=alpha p^{w}_{t}), we have (p^{w}_{t}=frac{Q_{t}}{alpha }).
The wholesale price is determined by the market clearing condition of the wholesale electricity market at each trading period: begin{aligned} Q_{t}=Sleft( p^{w}_{t}right).
The real-time electricity price is determined by the supply and demand of electricity through the market clearing condition, as shown in Eq. (16).
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