The Commission subsequently published terms of reference for three ILUC modeling exercises: one using a General Equilibrium model; one using a Partial Equilibrium model and one comparing other global modeling exercises.
It treats the trade-offs between human needs for water, energy and food as a perfect equilibrium model, in which resource allocation can be decided.
In the Joint Committee's "Dynamic Stochastic General Equilibrium" model, lower taxes prompt people to work longer hours and businesses to invest more, just as Republicans claim.
To aid forecasting and hence the setting of interest rates, the Bank of England, for example, uses a general equilibrium model of the economy called Compass which, it is true but hard to believe, leaves out the role of banks.
General equilibrium model.
Section 2 presents and solves the equilibrium model.
This is a Nash equilibrium model with ten variables.
In this paper, we present a general economic equilibrium model.
The conversion is well predicted by a simple equilibrium model.
Chemical equilibrium model is based on minimizing Gibbs free energy.
The analysis is based on a dynamic general equilibrium model.
