References - WITCH

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Model Documentation - WITCH
Corresponding documentation
Model information
Institution Fondazione Eni Enrico Mattei (FEEM), Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC)
Concept Hybrid: Economic optimal growth model, including a bottom-up energy sector and a simple climate model, embedded in a `game theory` framework.
Solution method Regional growth models solved by non-linear optimization and game theoretic setup solved by tatonnement algorithm (cooperative solution: Negishi welfare aggregation, non-cooperative solution: Nash equilibrium)
Anticipation Perfect foresight

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Bosetti, V., C. Carraro, M. Galeotti, E. Massetti and M. Tavoni (2006). WITCH: A World Induced Technical Change Hybrid Model, The Energy Journal. Special
Issue on Hybrid Modeling of Energy-Environment Policies: Reconciling Bottom-up and Top-down: 13-38.

Bosetti, V., C. Carraro, E. Massetti and M. Tavoni (2008). International energy R&D spillovers and the economics of greenhouse gas atmospheric stabilization,Energy Economics, 30 (6) Pages 2912-2929.

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