An Applied General Equilibrium Model for the Analysis of Environmental Policy: SAGE v1.0 Technical Documentation

Alex Marten and Richard Garbaccio

No 201805, NCEE Working Paper Series from National Center for Environmental Economics, U.S. Environmental Protection Agency

Abstract: SAGE is an applied general equilibrium model of the United States economy developed for the analysis of environmental regulations and policies. It is an intertemporal model with perfect foresight, resolved at the sub-national level. Each of the nine regions in the model, representing the nine census divisions,has five households based on income quintiles. A single government agent levies taxes on labor earnings, capital earnings, production, and consumption. As with many applied general equilibrium models used for the analysis of U.S. environmental and energy policies, the baseline is calibrated to the Energy Information Administration's Annual Energy Outlook. The model is solved as mixed complementarity problem (MCP) using the General Algebraic Modeling System (GAMS).

Keywords: general equilibrium; social cost; modeling (search for similar items in EconPapers)
JEL-codes: D61 Q52 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2018-10
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (4)

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https://www.epa.gov/environmental-economics/applie ... ntal-policy-sage-v10 First version, 2018 (application/pdf)

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