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- W380245589 abstract "In this paper, I present the multi-period market equilibrium model with the geometric distributed lag (GDL) demand, called the GDL equilibrium model, as well as its solution technique, called the decoupling algorithm. The dynamic equilibrium approach, including the GDL equilibrium model and the decoupling algorithm, can be valuable aids in long-run energy planning and energy-related CO2 emission control decision-making, in order to represent the time-lagged effect. In the energy GDL equilibrium model, the demand is represented by a function of the prices not only in the current time period but also in previous time periods through the GDL structure, and the supply is a cost-minimizing linear energy process submodel. The solution technique employs sequential nonlinear programming to calculate the intertemporal equilibrium of energy supplies and demands, along with the corresponding CO2 emission control submodel. The methods of analysis for the economic impact of CO2 emission control are carefully explored." @default.
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- W380245589 date "2001-01-01" @default.
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- W380245589 title "A dynamic equilibrium approach: the application in long-term energy planning" @default.
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