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Veda Application Installation guide

Own-price elastic supply curve
1) Yes. All component demand should have baseline demand projections.  Surely one would usually not let the model optimize between short distance/long distance, but their baseline demands are defined exogenously.

2) In a proper CES function, Com_Agg should be set to zero as mentioned in the doc, and the model then internally derives the aggregation parameters according to the price ratios (in the elastic policy runs).

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RE: Own-price elastic supply curve - Antti-L - 14-08-2019, 12:19 AM

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