pollutants, taking into account the transportation (between countries) and
transformation mechanism of the pollutants; in a final step the damage generated by
the concentration/deposition of pollutants is computed in physical units and monetised
through a valuation function.
- The model allows to calculate the welfare effects of various environmental policies,
such as taxes and various forms of pollution permits. It is also possible to consider
various systems for revenue recycling.
Figure 1 gives the basic scheme of the standard version of the GEM-E3 model.
Goods Market Equilibrium

PRODUCERS GOVERNMENT CONSUMERS FOREIGN
Income flows and Transfers

SURPLUS OR DEFICIT OF AGENTS
ENVIRONMENT
Figure 1: The standard GEM-E3 model
More intriguing information
1. Publication of Foreign Exchange Statistics by the Central Bank of Chile2. The name is absent
3. What Contribution Can Residential Field Courses Make to the Education of 11-14 Year-olds?
4. Biologically inspired distributed machine cognition: a new formal approach to hyperparallel computation
5. Do Decision Makers' Debt-risk Attitudes Affect the Agency Costs of Debt?
6. Can a Robot Hear Music? Can a Robot Dance? Can a Robot Tell What it Knows or Intends to Do? Can it Feel Pride or Shame in Company?
7. On the Integration of Digital Technologies into Mathematics Classrooms
8. The name is absent
9. Migrating Football Players, Transfer Fees and Migration Controls
10. A Pure Test for the Elasticity of Yield Spreads