E3 Models Revisited

Susana Silva (), Isabel Soares () and Oscar Afonso
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Susana Silva: Faculdade de Economia, Universidade do Porto
Isabel Soares: CEF.UP, Faculdade de Economia, Universidade do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: This article analyses the contribution of E3 models to fully understand the complex relationship between the environment, economics and the energy sector. We present a survey of the literature on these models, analyzing the assumptions, features and scope of the main kinds of methodological approaches: bottom-up, top-down and hybrid models. Since the literature on these models is vast, complex and diffuse, our aim is to present it in a simple and compact way. We also show how bottom-up (BU) models depart from top-down (TD) ones and how that approach affects their conclusions and implications. As an attempt to solve the TD-BU incompatibilities, different kinds of hybrid models are examined and their capacity to support realistic environmental policies is criticized under a microeconomic perspective.

Keywords: E3 models; bottom-up models; top-down models; hybrid models (search for similar items in EconPapers)
JEL-codes: C61 O30 Q43 Q48 Q56 Q58 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2010-12
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:393

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