Integrating Bottom-Up into Top-Down: A Mixed Complementarity Approach


Böhringer, Christoph ; Rutherford, Thomas F.


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URL: http://ub-madoc.bib.uni-mannheim.de/1104
URN: urn:nbn:de:bsz:180-madoc-11040
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C68 D58 Q43 C61 ,
Subject headings (SWD): General Equilibrium Environmental Model , Energiepolitik , Bottom-up-Prinzip , Top-down-Prinzip
Abstract: We motivate the formulation of market equilibria as a mixed complementarity problem (MCP) in order to bridge the gap between bottom-up energy system models and top-down general equilibrium models for energy policy analysis. Our objective is primarily pedagogic. We first lay out that the MCP approach provides an explicit representation of weak inequalities and complementarity between decision variables and market equilibrium conditions. This permits us to combine bottom-up technological details and top-down economic richness in a single mathematical format. We then provide a stylized example of how to integrate bottom-up features into a top-down modeling framework along with worked examples and computer programs which illustrate our approach.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Böhringer, Christoph ; Rutherford, Thomas F. (2005) Integrating Bottom-Up into Top-Down: A Mixed Complementarity Approach. Open Access [Working paper]
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