This agent-based model uses the building blocks of a Computable General Equilibrium model, but instead of assuming equilibrium, it explicitly models the price formation and investment processes using money as the medium of exchange. This model gives us several insights that CGE models do not: first, we can check whether or not the results of the CGE models still hold without the equilibrium ass...

Numerical economic models of energy fall into two general categories: models analyzing within energy sector issues and models examining the interaction between the energy sector and the rest of the economy. The first category are mostly partial equilibrium models with a very detailed and disaggregated representation of the energy sector. Although very useful for sector planning purposes this cl...