Combining bottom-up and top-down

  title={Combining bottom-up and top-down},
  author={C. B{\"o}hringer and T. Rutherford},
  journal={Energy Economics},
  • C. Böhringer, T. Rutherford
  • Published 2008
  • Economics
  • Energy Economics
  • Abstract We motivate the formulation of market equilibrium as a mixed complementarity problem which explicitly represents weak inequalities and complementarity between decision variables and equilibrium conditions. The complementarity format permits an energy-economy model to combine technological detail of a bottom-up energy system with a second-best characterization of the over-all economy. Our primary objective is pedagogic. We first lay out the complementarity features of economic… CONTINUE READING
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