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The ACEGES 1.0 Documentation: Simulated Scenarios of Conventional Oil Production

Author

Listed:
  • Voudouris, V
  • Di Maio, C

Abstract

he ACEGES (Agent-based Computational Economics of the Global Energy System) 1.0 model is an agent-based model of conventional oil production for 93 countries. The model accounts for four key uncertainties, namely Estimated Ultimate Recovery (EUR), estimated growth in oil demand, estimated growth in oil production and assumed peak/decline point. This documentation provides an overview of the ACEGES model capabilities and an example of how it can be used for long-term (discrete and continuous) scenarios of conventional oil production.

Suggested Citation

  • Voudouris, V & Di Maio, C, 2010. "The ACEGES 1.0 Documentation: Simulated Scenarios of Conventional Oil Production," MPRA Paper 24269, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:24269
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    File URL: https://mpra.ub.uni-muenchen.de/24269/1/MPRA_paper_24269.pdf
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    More about this item

    Keywords

    oil production; ACEGES; agent-based model; energy scenarios; oil forecasting;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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