This chapter is an introduction to the subject of computable general equilibrium (CGE) modeling in environmental and resource economics. CGE models are a widely-used tool for the quasi-empirical analysis of environmental externalities—and policies for mitigating them—which are large enough to influence prices across multiple markets in the economy. We provide a simple, rigorous, and practically...

This paper assesses the economic impacts of the Swiss climate policy formulated under the Kyoto Protocol; the impacts on the carbon price, the welfare cost, and trade effects are examined. Our analysis is based on a multi-sectoral and multi-regional, computable general equilibrium (CGE) model of the world economy (GEMINI-E3) which includes a representation of the Swiss economy. The model is use...

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...

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...

Economic impact analysis using inter-industry models provides a method to evaluate the effects of a project or proposed policy change. This paper briefly summarises the applicability, structure and limitations of three techniques frequently used in economic impact analysis: • using simple Input-Output analysis (I-O); • Input-Output Econometric modelling (IOE); and • Computable General Equilibri...

â â â â  â  abstract â  most debates about the role of tariff cuts on the level of employment and rate of wages in labor market have come out of well-known hecscher – ohlin and stopler – samuelson (hos) theorems. considering the fact that we have divided the workforce into skilled and unskilled labors the present paper assesses the impacts of tariff cuts on labor market indicators in iran. ...

Traditional computable general equilibrium (CGE) models have ignored uncertainty ─ even when applied to fields such as environmental modeling that are replete with economic uncertainty. In contrast, many control theory models have focused on the effects of uncertainty. Thus marrying the tradition of CGE and control modeling can result in pricequantity models with explicit dynamics and careful t...

A computable general equilibrium (CGE) approach is used to assess the macroeconomic effects of global and regional catastrophic losses of pollination ecosystem services. Results show economic risks to both direct crop sectors and indirect non-crop sectors in the economy, with a substantial amount of regional heterogeneity. In addition, there exists potential for winners, those regions with a co...