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

Author

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  • Alex L. Marten
  • Richard Garbaccio

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).

Suggested Citation

  • Alex L. Marten & Richard Garbaccio, 2018. "An Applied General Equilibrium Model for the Analysis of Environmental Policy: SAGE v1.0 Technical Documentation," NCEE Working Paper Series 201805, National Center for Environmental Economics, U.S. Environmental Protection Agency.
    • Handle: RePEc:nev:wpaper:wp201805
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    File URL: https://www.epa.gov/environmental-economics/applied-general-equilibrium-model-analysis-environmental-policy-sage-v10
    File Function: First version, 2018
    Download Restriction: no
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    Citations

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    Cited by:

    1. Lemoine, Derek, 2020. "General equilibrium rebound from energy efficiency innovation," European Economic Review, Elsevier, vol. 125(C).
    2. Goekce Akin-Olçum & Christoph Boehringer & Thomas Rutherford & Andrew Schreiber, 2019. "Economic and Environmental Impacts of a Carbon Adder in New York," Working Papers V-424-19, University of Oldenburg, Department of Economics, revised Sep 2019.

    More about this item

    Keywords

    general equilibrium; social cost; modeling;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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