EconPapers    
Economics at your fingertips  
 

Implementing Alternative Pricing Policies in Economic Equilibrium Models Using the Extended Mathematical Programming Framework

Bertrand Rioux, Abdullah Al Jarboua, Frederic Murphy and Axel Pierru ()

Methodology Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Standard economic optimization models represent markets in perfect competition. They are commonly used, though they may not accurately represent real-world policies and regulations. Equilibrium models built using a mixed complementarity problem (MCP) approach are capable of simulating more flexible pricing structures, including regulated prices. This approach can provide a more accurate representation of real-world economic systems. However, it is significantly more difficult to develop and requires more complex formulations, as well as advanced skill sets.

Pages: 31 pages
Date: 2020-03-12
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.kapsarc.org/research/publications/impl ... ogramming-framework/ First version, 2020 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prc:mpaper:ks--2020-mp01

DOI: 10.30573/KS--2020MP01

Access Statistics for this paper

More papers in Methodology Papers from King Abdullah Petroleum Studies and Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Michael Gaffney ().

 
Page updated 2022-04-21
Handle: RePEc:prc:mpaper:ks--2020-mp01