© Scott McDonald & Karen Thierfelder
This variant of the STAGE model is a forward-looking dynamic model with multiple commodities, activities, factors and institutions; it starts from a simplified version of the STAGE1 model. It is solved as a finite time horizon model with terminal conditions/constraints. The model is designed to operate over time frames upto about 30 years.
The approach adopted avoids several common problems found with forward-looking dynamic models, even when solved using finite time approximations to infinite time. Specifically,
This variant remains experimental.