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structure_overview_1.1 [2019/05/29 15:56]
jfoure
structure_overview_1.1 [2020/02/18 17:01] (current)
cbellora [Structure overview (1.1)]
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 In a nutshell, MIRAGE-e is a multi-sector multi-country CGE model with the following assumptions:​ In a nutshell, MIRAGE-e is a multi-sector multi-country CGE model with the following assumptions:​
-  * A representative agent, which gathers both consumers and the government, maximises a LES-CES utility function.+  * A representative agent, which gathers both consumers and the government, maximises a LES-CES utility function. See the page dedicated to [[final_demand_1.1|final demand]]
   * A representative firm by sector maximizes its profit function under the production function described in [[the_supply_side_1.1#​Energy NOT in Value Added|the supply side page]], under perfect competition.   * A representative firm by sector maximizes its profit function under the production function described in [[the_supply_side_1.1#​Energy NOT in Value Added|the supply side page]], under perfect competition.
   * Aggregated demand for each good follows an Armington-like demand function, as described in [[the demand side]] page.   * Aggregated demand for each good follows an Armington-like demand function, as described in [[the demand side]] page.