Economics Network CHEER Virtual Edition

Volume 16, 2004

Formulating and Solving Exhaustible Resource Models as Mixed Complementarity Problems in GAMS

Sven M. Flakowski
Westfälische wilhelms-Universität Münster, Institute of Economic Theory

Abstract

In this paper a formulation of dynamic non-linear programs as mixed complementarity problems (mcp) is shown. Models of exhaustible resource markets are used to describe the transformation. Once the mixed complementarity formulation is developed, the implementation in GAMS is described in detail.

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