LIBEMOD 2000 - LIBEralisation MODel for the European Energy Markets: A Technical Description
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Aune, Finn Roar, Kjell Arne Brekke, Rolf Golombek, Sverre A.C. Kittelsen, Knut Einar Rosendahl
Number in series: 1
This paper gives a detailed mathematical description of LIBEMOD 2000 and LIBEMOD MP, which are economic computable equilibrium models for the Western European natural gas and electricity markets. LIBEMOD 2000 assumes that all markets are competitive both in the short run and in the long run, while LIBEMOD MP allows for market power. The paper also contains detailed information on the data sources used in order to calibrate the model.
Liberalisation, energy, simulations
Project:Oppdragsgiver: Norges forskningsråd
Frisch prosjekt: 3151 - Liberalizing the European natural gas and electricity markets