European Tribune - Comments - (Yet another) probably incredibly unreadable modelling thread

(Yet another) probably incredibly unreadable modelling thread | 68 comments (68 topical, 0 editorial, 0 hidden)

Re: Peak oil is all in one equation (none / 0)

Who tells you the Leontief model is reversible? Chemical equations are reversible, but not economic processes.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Sun Nov 19th, 2006 at 03:24:18 PM EST
[ Parent ]

Re: Peak oil is all in one equation (none / 0)

It is in its simplest form: a closed network with constant coefficients over time. You have a number of solutions, which are the equilibrium points, it is entirely static, you may move from one point to the other with external shocks which are not modelled in this basic version itself, and nothing forbids that an opposite shock takes you back to the previous point.

Pierre

by Pierre on Mon Nov 20th, 2006 at 04:45:10 AM EST
[ Parent ]

Re: Peak oil is all in one equation (none / 0)

Yes, in that way it is.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Mon Nov 20th, 2006 at 04:48:23 AM EST
[ Parent ]

(Yet another) probably incredibly unreadable modelling thread | 68 comments (68 topical, 0 editorial, 0 hidden)

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