There is a conflict in the mechanism for price determination used in a Marshallian partial equilibrium supply and demand framework and the Walrasian general equilibrium framework. It is generally thought that partial equilibrium is a simplified approximation to the complexities of the general...

Before 2004 South Africa was the dominant steam coal exporter to the European market. However a new market situation with rising global demand and prices makes room for a new entrant: Russia. The hypothesis investigated in this paper is that the three incumbent dominant firms located in South...

This paper introduces the computable partial equilibrium energy model 'Global Resource Extraction and Energy Transformation' (GREET), its structure, assumptions and the outcomes of two exemplary scenarios. GREET is characterized by a comprehensive modelling of constraints on the diffusion of...