GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 1 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m C o m p i l a t i o n COMPILATION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 2 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE NLPCGE Using NLP From line 1250 MODEL STATISTICS BLOCKS OF EQUATIONS 45 SINGLE EQUATIONS 95 BLOCKS OF VARIABLES 45 SINGLE VARIABLES 95 NON ZERO ELEMENTS 322 NON LINEAR N-Z 144 DERIVATIVE POOL 10 CONSTANT POOL 65 CODE LENGTH 912 GENERATION TIME = 0.000 SECONDS 4 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.000 SECONDS 4 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 3 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE NLPCGE Using NLP From line 1250 S O L V E S U M M A R Y MODEL NLPCGE OBJECTIVE NSR TYPE NLP DIRECTION MAXIMIZE SOLVER CONOPT FROM LINE 1250 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 2 Locally Optimal **** OBJECTIVE VALUE 0.0000 RESOURCE USAGE, LIMIT 0.047 1000.000 ITERATION COUNT, LIMIT 4 2000000000 EVALUATION ERRORS 0 0 CONOPT 3 Feb 14, 2013 24.0.2 WEX 38380.38394 WEI x86_64/MS Windows Reading parameter(s) from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" >> RTREDG=1E-10 Finished reading from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" C O N O P T 3 version 3.15I Copyright (C) ARKI Consulting and Development A/S Bagsvaerdvej 246 A DK-2880 Bagsvaerd, Denmark The model has 95 variables and 95 constraints with 322 Jacobian elements, 144 of which are nonlinear. The Hessian of the Lagrangian has 18 elements on the diagonal, 77 elements below the diagonal, and 64 nonlinear variables. ** Optimal solution. There are no superbasic variables. CONOPT time Total 0.034 seconds of which: Function evaluations 0.000 = 0.0% 1st Derivative evaluations 0.002 = 5.9% LOWER SLACK UPPER MARGINAL ---- EQU NlpLabour~ -INF . 40.0000 1.0000 NlpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU NlpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD -INF . . 15.0000 MLK -INF . . 25.0000 ---- EQU NlpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 20.0000 MLK -INF . . 30.0000 ---- EQU NlpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 35.0000 MLK -INF . . 55.0000 ---- EQU NlpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5123 MLK -INF . . 0.8063 ---- EQU NlpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 0.3074 BRD.MLK -INF . . 0.1173 MLK.BRD -INF . . 0.2488 MLK.MLK -INF . . 0.1319 ---- EQU NlpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 35.0000 MLK -INF . . 55.0000 ---- EQU NlpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC used LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.0000 BRD.MLK -INF . . 8.0000 MLK.BRD -INF . . 17.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD -INF . . 73.0000 MLK -INF . . 72.0000 ---- EQU NlpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0685 MLK -INF . . 1.0556 ---- EQU NlpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 73.0000 MLK -INF . . 72.0000 ---- EQU NlpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0685 MLK -INF . . 1.0556 ---- EQU NlpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 16.0323 MLK -INF . . 16.5484 ---- EQU NlpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD -INF . . 16.0323 MLK -INF . . 16.5484 ---- EQU NlpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 61.9677 MLK -INF . . 59.4516 ---- EQU NlpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 13.0000 MLK -INF . . 11.0000 ---- EQU NlpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -INF . 1.0000 13.0000 MLK -INF . 1.0000 11.0000 ---- EQU NlpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 61.9677 MLK -INF . . 59.4516 ---- EQU NlpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3333 MLK -INF . . 2.0000 ---- EQU NlpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3333 MLK -INF . . 2.0000 ---- EQU NlpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD -INF . . 9.3000 MLK -INF . . 9.3000 ---- EQU NlpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 6.4000 BRD.MLK -INF . . 9.6000 MLK.BRD -INF . . 6.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 4.8000 BRD.MLK -INF . . 4.8000 MLK.BRD -INF . . 4.5000 MLK.MLK -INF . . 4.5000 ---- EQU NlpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD -INF . . 20.0000 MLK -INF . . 15.0000 ---- EQU NlpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 1.0000 BRD.MLK -INF . . 1.0000 MLK.BRD -INF . . 1.0000 MLK.MLK -INF . . 1.0000 ---- EQU NlpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.0000 BRD.MLK -INF . . 8.0000 MLK.BRD -INF . . 17.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD -INF . . 10.9677 MLK -INF . . 16.4516 ---- EQU NlpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5714 MLK -INF . . 0.4286 ---- EQU NlpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 75.9677 MLK -INF . . 72.4516 LOWER SLACK UPPER MARGINAL ---- EQU NlpGovern~ -INF . -35.0000 1.0000 ---- EQU NlpGovern~ -INF . . 35.0000 ---- EQU NlpGovern~ -INF . . 23.0000 ---- EQU NlpDomSav~ -INF . . 17.0000 NlpGovernmentActivityBal Size of government activity, CV is the price of government activity NlpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government NlpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded NlpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU NlpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD -INF . . 10.9677 MLK -INF . . 16.4516 LOWER SLACK UPPER MARGINAL ---- EQU NlpHouseh~ -INF . . 0.0365 ---- EQU NSROF . . . 1.0000 NlpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income NSROF The NSR objective function LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 1.0000 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0000 +INF . MLK 0.0001 25.0000 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 30.0000 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5123 +INF . MLK 0.0001 0.8063 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.3074 +INF . BRD.MLK 0.0001 0.1173 +INF . MLK.BRD 0.0001 0.2488 +INF . MLK.MLK 0.0001 0.1319 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0685 +INF . MLK 0.0001 1.0556 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0685 +INF . MLK 0.0001 1.0556 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 9.3000 +INF . MLK 0.0001 9.3000 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 4.8000 +INF . BRD.MLK 0.0001 4.8000 +INF . MLK.BRD 0.0001 4.5000 +INF . MLK.MLK 0.0001 4.5000 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 75.9677 +INF . MLK 0.0001 72.4516 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.4000 +INF . BRD.MLK 0.0001 9.6000 +INF . MLK.BRD 0.0001 6.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 1.0000 +INF . BRD.MLK 0.0001 1.0000 +INF . MLK.BRD 0.0001 1.0000 +INF . MLK.MLK 0.0001 1.0000 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5714 +INF . MLK 0.0001 0.4286 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 1.0000 +INF . ---- VAR Household~ 0.0001 23.0000 +INF . ---- VAR Household~ 0.0001 17.0000 +INF . ---- VAR MarginalU~ 0.0001 0.0365 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR NSR -INF 3.407274E-13 +INF . NSR The value of the objective function, defined as net social revenue, which is zero at the equilibrium (optimal solution) **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 ERRORS GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 4 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE MCPCGE Using MCP From line 1253 MODEL STATISTICS BLOCKS OF EQUATIONS 44 SINGLE EQUATIONS 94 BLOCKS OF VARIABLES 44 SINGLE VARIABLES 94 NON ZERO ELEMENTS 257 NON LINEAR N-Z 80 DERIVATIVE POOL 10 CONSTANT POOL 56 CODE LENGTH 391 GENERATION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 5 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE MCPCGE Using MCP From line 1253 S O L V E S U M M A R Y MODEL MCPCGE TYPE MCP SOLVER PATH FROM LINE 1253 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 1 Optimal RESOURCE USAGE, LIMIT 0.094 1000.000 ITERATION COUNT, LIMIT 0 2000000000 EVALUATION ERRORS 0 0 94 row/cols, 257 non-zeros, 2.91% dense. Path 4.7.02 (Thu Feb 14 14:41:01 2013) Written by Todd Munson, Steven Dirkse, and Michael Ferris INITIAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.5968e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 1.4211e-014 eqn: (McpDomSavInvBal) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) INITIAL JACOBIAN NORM STATISTICS Maximum Row Norm. . . . . . . . 9.9935e+001 eqn: (McpHouseholdBudget) Minimum Row Norm. . . . . . . . 1.0000e+000 eqn: (McpImportCommSupplyMargin(BRD) Maximum Column Norm . . . . . . 4.2000e+001 var: (WageRate) Minimum Column Norm . . . . . . 1.0121e+000 var: (ExpCommDem(MLK)) FINAL STATISTICS Inf-Norm of Complementarity . . 1.4211e-014 eqn: (McpDomSavInvBal) Inf-Norm of Normal Map. . . . . 1.4211e-014 eqn: (McpDomSavInvBal) Inf-Norm of Minimum Map . . . . 1.4211e-014 eqn: (McpDomSavInvBal) Inf-Norm of Fischer Function. . 1.4211e-014 eqn: (McpDomSavInvBal) Inf-Norm of Grad Fischer Fcn. . 7.2475e-014 eqn: (McpInvestmentMarginDem(BRD)) Two-Norm of Grad Fischer Fcn. . 1.0603e-013 FINAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.5968e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 1.4211e-014 eqn: (McpDomSavInvBal) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) LOWER SLACK UPPER MARGINAL ---- EQU McpLabour~ -40.0000 -40.0000 +INF 1.0000 McpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU McpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD . . +INF 15.0000 MLK . . +INF 25.0000 ---- EQU McpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 20.0000 MLK . . +INF 30.0000 ---- EQU McpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 35.0000 MLK . . +INF 55.0000 ---- EQU McpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5123 MLK . . +INF 0.8063 ---- EQU McpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 0.3074 BRD.MLK . . +INF 0.1173 MLK.BRD . . +INF 0.2488 MLK.MLK . . +INF 0.1319 ---- EQU McpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 35.0000 MLK . . +INF 55.0000 ---- EQU McpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.0000 BRD.MLK . . +INF 8.0000 MLK.BRD . . +INF 17.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD . . +INF 73.0000 MLK . . +INF 72.0000 ---- EQU McpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0685 MLK . . +INF 1.0556 ---- EQU McpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 73.0000 MLK . . +INF 72.0000 ---- EQU McpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0685 MLK . . +INF 1.0556 ---- EQU McpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 16.0323 MLK . . +INF 16.5484 ---- EQU McpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD . . +INF 16.0323 MLK . . +INF 16.5484 ---- EQU McpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 61.9677 MLK . . +INF 59.4516 ---- EQU McpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 13.0000 MLK . . +INF 11.0000 ---- EQU McpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -1.0000 -1.0000 +INF 13.0000 MLK -1.0000 -1.0000 +INF 11.0000 ---- EQU McpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 61.9677 MLK . . +INF 59.4516 ---- EQU McpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3333 MLK . . +INF 2.0000 ---- EQU McpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3333 MLK . . +INF 2.0000 ---- EQU McpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD . . +INF 9.3000 MLK . . +INF 9.3000 ---- EQU McpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 6.4000 BRD.MLK . . +INF 9.6000 MLK.BRD . . +INF 6.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 4.8000 BRD.MLK . . +INF 4.8000 MLK.BRD . . +INF 4.5000 MLK.MLK . . +INF 4.5000 ---- EQU McpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD . . +INF 20.0000 MLK . . +INF 15.0000 ---- EQU McpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 1.0000 BRD.MLK . . +INF 1.0000 MLK.BRD . . +INF 1.0000 MLK.MLK . . +INF 1.0000 ---- EQU McpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.0000 BRD.MLK . . +INF 8.0000 MLK.BRD . . +INF 17.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD . . +INF 10.9677 MLK . . +INF 16.4516 ---- EQU McpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5714 MLK . . +INF 0.4286 ---- EQU McpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 75.9677 MLK . . +INF 72.4516 LOWER SLACK UPPER MARGINAL ---- EQU McpGovern~ 35.0000 . +INF 1.0000 ---- EQU McpGovern~ . . +INF 35.0000 ---- EQU McpGovern~ . . +INF 23.0000 ---- EQU McpDomSav~ . . +INF 17.0000 McpGovernmentActivityBal Size of government activity, CV is the price of government activity McpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government McpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded McpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU McpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD . . +INF 10.9677 MLK . . +INF 16.4516 LOWER SLACK UPPER MARGINAL ---- EQU McpHouseh~ . . +INF 0.0365 McpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 1.0000 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0000 +INF . MLK 0.0001 25.0000 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 30.0000 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5123 +INF . MLK 0.0001 0.8063 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.3074 +INF . BRD.MLK 0.0001 0.1173 +INF . MLK.BRD 0.0001 0.2488 +INF . MLK.MLK 0.0001 0.1319 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0685 +INF . MLK 0.0001 1.0556 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0685 +INF . MLK 0.0001 1.0556 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 9.3000 +INF . MLK 0.0001 9.3000 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 4.8000 +INF . BRD.MLK 0.0001 4.8000 +INF . MLK.BRD 0.0001 4.5000 +INF . MLK.MLK 0.0001 4.5000 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 75.9677 +INF . MLK 0.0001 72.4516 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.4000 +INF . BRD.MLK 0.0001 9.6000 +INF . MLK.BRD 0.0001 6.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 1.0000 +INF . BRD.MLK 0.0001 1.0000 +INF . MLK.BRD 0.0001 1.0000 +INF . MLK.MLK 0.0001 1.0000 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5714 +INF . MLK 0.0001 0.4286 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 1.0000 +INF . ---- VAR Household~ 0.0001 23.0000 +INF . ---- VAR Household~ 0.0001 17.0000 +INF . ---- VAR MarginalU~ 0.0001 0.0365 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 REDEFINED 0 ERRORS GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 6 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE NLPCGE Using NLP From line 1262 MODEL STATISTICS BLOCKS OF EQUATIONS 45 SINGLE EQUATIONS 95 BLOCKS OF VARIABLES 45 SINGLE VARIABLES 95 NON ZERO ELEMENTS 322 NON LINEAR N-Z 144 DERIVATIVE POOL 10 CONSTANT POOL 65 CODE LENGTH 914 GENERATION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 7 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE NLPCGE Using NLP From line 1262 S O L V E S U M M A R Y MODEL NLPCGE OBJECTIVE NSR TYPE NLP DIRECTION MAXIMIZE SOLVER CONOPT FROM LINE 1262 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 2 Locally Optimal **** OBJECTIVE VALUE 0.0000 RESOURCE USAGE, LIMIT 0.063 1000.000 ITERATION COUNT, LIMIT 35 2000000000 EVALUATION ERRORS 0 0 CONOPT 3 Feb 14, 2013 24.0.2 WEX 38380.38394 WEI x86_64/MS Windows Reading parameter(s) from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" >> RTREDG=1E-10 Finished reading from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" C O N O P T 3 version 3.15I Copyright (C) ARKI Consulting and Development A/S Bagsvaerdvej 246 A DK-2880 Bagsvaerd, Denmark The model has 95 variables and 95 constraints with 322 Jacobian elements, 144 of which are nonlinear. The Hessian of the Lagrangian has 18 elements on the diagonal, 77 elements below the diagonal, and 64 nonlinear variables. ** Optimal solution. There are no superbasic variables. CONOPT time Total 0.065 seconds of which: Function evaluations 0.001 = 1.5% 1st Derivative evaluations 0.001 = 1.5% LOWER SLACK UPPER MARGINAL ---- EQU NlpLabour~ -INF . 40.0000 0.5000 NlpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU NlpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD -INF . . 15.0000 MLK -INF . . 25.0000 ---- EQU NlpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 20.0000 MLK -INF . . 30.0000 ---- EQU NlpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 35.0000 MLK -INF . . 55.0000 ---- EQU NlpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 0.2561 MLK -INF . . 0.4032 ---- EQU NlpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 0.1537 BRD.MLK -INF . . 0.0586 MLK.BRD -INF . . 0.1244 MLK.MLK -INF . . 0.0660 ---- EQU NlpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 35.0000 MLK -INF . . 55.0000 ---- EQU NlpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC used LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.0000 BRD.MLK -INF . . 8.0000 MLK.BRD -INF . . 17.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD -INF . . 73.0000 MLK -INF . . 72.0000 ---- EQU NlpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5342 MLK -INF . . 0.5278 ---- EQU NlpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 73.0000 MLK -INF . . 72.0000 ---- EQU NlpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5342 MLK -INF . . 0.5278 ---- EQU NlpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 16.0323 MLK -INF . . 16.5484 ---- EQU NlpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD -INF . . 16.0323 MLK -INF . . 16.5484 ---- EQU NlpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 61.9677 MLK -INF . . 59.4516 ---- EQU NlpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 13.0000 MLK -INF . . 11.0000 ---- EQU NlpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -INF . 0.5000 13.0000 MLK -INF . 0.5000 11.0000 ---- EQU NlpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 61.9677 MLK -INF . . 59.4516 ---- EQU NlpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3333 MLK -INF . . 2.0000 ---- EQU NlpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3333 MLK -INF . . 2.0000 ---- EQU NlpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD -INF . . 4.6500 MLK -INF . . 4.6500 ---- EQU NlpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 6.4000 BRD.MLK -INF . . 9.6000 MLK.BRD -INF . . 6.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 2.4000 BRD.MLK -INF . . 2.4000 MLK.BRD -INF . . 2.2500 MLK.MLK -INF . . 2.2500 ---- EQU NlpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD -INF . . 20.0000 MLK -INF . . 15.0000 ---- EQU NlpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 0.5000 BRD.MLK -INF . . 0.5000 MLK.BRD -INF . . 0.5000 MLK.MLK -INF . . 0.5000 ---- EQU NlpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.0000 BRD.MLK -INF . . 8.0000 MLK.BRD -INF . . 17.0000 MLK.MLK -INF . . 9.0000 ---- EQU NlpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD -INF . . 10.9677 MLK -INF . . 16.4516 ---- EQU NlpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.2857 MLK -INF . . 0.2143 ---- EQU NlpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 75.9677 MLK -INF . . 72.4516 LOWER SLACK UPPER MARGINAL ---- EQU NlpGovern~ -INF . -35.0000 0.5000 ---- EQU NlpGovern~ -INF . . 35.0000 ---- EQU NlpGovern~ -INF . . 11.5000 ---- EQU NlpDomSav~ -INF . . 8.5000 NlpGovernmentActivityBal Size of government activity, CV is the price of government activity NlpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government NlpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded NlpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU NlpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5000 MLK -INF . . 0.5000 ---- EQU NlpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD -INF . . 10.9677 MLK -INF . . 16.4516 LOWER SLACK UPPER MARGINAL ---- EQU NlpHouseh~ -INF . . 0.0729 ---- EQU NSROF . . . 1.0000 NlpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income NSROF The NSR objective function LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 0.5000 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0000 +INF . MLK 0.0001 25.0000 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 30.0000 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.2561 +INF . MLK 0.0001 0.4032 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.1537 +INF . BRD.MLK 0.0001 0.0586 +INF . MLK.BRD 0.0001 0.1244 +INF . MLK.MLK 0.0001 0.0660 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5342 +INF . MLK 0.0001 0.5278 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5342 +INF . MLK 0.0001 0.5278 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 4.6500 +INF . MLK 0.0001 4.6500 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 2.4000 +INF . BRD.MLK 0.0001 2.4000 +INF . MLK.BRD 0.0001 2.2500 +INF . MLK.MLK 0.0001 2.2500 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 75.9677 +INF . MLK 0.0001 72.4516 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.4000 +INF . BRD.MLK 0.0001 9.6000 +INF . MLK.BRD 0.0001 6.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.5000 +INF . BRD.MLK 0.0001 0.5000 +INF . MLK.BRD 0.0001 0.5000 +INF . MLK.MLK 0.0001 0.5000 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.2857 +INF . MLK 0.0001 0.2143 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 0.5000 +INF . ---- VAR Household~ 0.0001 11.5000 +INF . ---- VAR Household~ 0.0001 8.5000 +INF . ---- VAR MarginalU~ 0.0001 0.0729 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR NSR -INF 2.120526E-14 +INF . NSR The value of the objective function, defined as net social revenue, which is zero at the equilibrium (optimal solution) **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 ERRORS GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 8 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE MCPCGE Using MCP From line 1265 MODEL STATISTICS BLOCKS OF EQUATIONS 44 SINGLE EQUATIONS 94 BLOCKS OF VARIABLES 44 SINGLE VARIABLES 94 NON ZERO ELEMENTS 257 NON LINEAR N-Z 80 DERIVATIVE POOL 10 CONSTANT POOL 56 CODE LENGTH 391 GENERATION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.000 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 9 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE MCPCGE Using MCP From line 1265 S O L V E S U M M A R Y MODEL MCPCGE TYPE MCP SOLVER PATH FROM LINE 1265 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 1 Optimal RESOURCE USAGE, LIMIT 0.062 1000.000 ITERATION COUNT, LIMIT 0 2000000000 EVALUATION ERRORS 0 0 94 row/cols, 257 non-zeros, 2.91% dense. Path 4.7.02 (Thu Feb 14 14:41:01 2013) Written by Todd Munson, Steven Dirkse, and Michael Ferris INITIAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.5968e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 5.6843e-014 eqn: (McpProdnDomExp(BRD)) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) INITIAL JACOBIAN NORM STATISTICS Maximum Row Norm. . . . . . . . 9.8387e+001 eqn: (McpHouseholdBudget) Minimum Row Norm. . . . . . . . 5.7516e-001 eqn: (McpHouseholdConsumptionMU(MLK) Maximum Column Norm . . . . . . 4.2000e+001 var: (WageRate) Minimum Column Norm . . . . . . 1.0000e+000 var: (MarginalUtilityIncome) FINAL STATISTICS Inf-Norm of Complementarity . . 4.2633e-014 eqn: (McpProdFinCompComm(BRD)) Inf-Norm of Normal Map. . . . . 5.6843e-014 eqn: (McpProdnDomExp(BRD)) Inf-Norm of Minimum Map . . . . 5.6843e-014 eqn: (McpProdnDomExp(BRD)) Inf-Norm of Fischer Function. . 5.6843e-014 eqn: (McpProdnDomExp(BRD)) Inf-Norm of Grad Fischer Fcn. . 2.1311e-013 eqn: (McpLabourSupDemBal) Two-Norm of Grad Fischer Fcn. . 3.2039e-013 FINAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.5968e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 5.6843e-014 eqn: (McpProdnDomExp(BRD)) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) LOWER SLACK UPPER MARGINAL ---- EQU McpLabour~ -40.0000 -40.0000 +INF 0.5000 McpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU McpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD . . +INF 15.0000 MLK . . +INF 25.0000 ---- EQU McpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 20.0000 MLK . . +INF 30.0000 ---- EQU McpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 35.0000 MLK . . +INF 55.0000 ---- EQU McpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 0.2561 MLK . . +INF 0.4032 ---- EQU McpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 0.1537 BRD.MLK . . +INF 0.0586 MLK.BRD . . +INF 0.1244 MLK.MLK . . +INF 0.0660 ---- EQU McpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 35.0000 MLK . . +INF 55.0000 ---- EQU McpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.0000 BRD.MLK . . +INF 8.0000 MLK.BRD . . +INF 17.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD . . +INF 73.0000 MLK . . +INF 72.0000 ---- EQU McpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5342 MLK . . +INF 0.5278 ---- EQU McpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 73.0000 MLK . . +INF 72.0000 ---- EQU McpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5342 MLK . . +INF 0.5278 ---- EQU McpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 16.0323 MLK . . +INF 16.5484 ---- EQU McpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD . . +INF 16.0323 MLK . . +INF 16.5484 ---- EQU McpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 61.9677 MLK . . +INF 59.4516 ---- EQU McpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 13.0000 MLK . . +INF 11.0000 ---- EQU McpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -0.5000 -0.5000 +INF 13.0000 MLK -0.5000 -0.5000 +INF 11.0000 ---- EQU McpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 61.9677 MLK . . +INF 59.4516 ---- EQU McpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3333 MLK . . +INF 2.0000 ---- EQU McpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3333 MLK . . +INF 2.0000 ---- EQU McpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD . . +INF 4.6500 MLK . . +INF 4.6500 ---- EQU McpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 6.4000 BRD.MLK . . +INF 9.6000 MLK.BRD . . +INF 6.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 2.4000 BRD.MLK . . +INF 2.4000 MLK.BRD . . +INF 2.2500 MLK.MLK . . +INF 2.2500 ---- EQU McpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD . . +INF 20.0000 MLK . . +INF 15.0000 ---- EQU McpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 0.5000 BRD.MLK . . +INF 0.5000 MLK.BRD . . +INF 0.5000 MLK.MLK . . +INF 0.5000 ---- EQU McpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.0000 BRD.MLK . . +INF 8.0000 MLK.BRD . . +INF 17.0000 MLK.MLK . . +INF 9.0000 ---- EQU McpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD . . +INF 10.9677 MLK . . +INF 16.4516 ---- EQU McpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.2857 MLK . . +INF 0.2143 ---- EQU McpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 75.9677 MLK . . +INF 72.4516 LOWER SLACK UPPER MARGINAL ---- EQU McpGovern~ 35.0000 . +INF 0.5000 ---- EQU McpGovern~ . . +INF 35.0000 ---- EQU McpGovern~ . . +INF 11.5000 ---- EQU McpDomSav~ . . +INF 8.5000 McpGovernmentActivityBal Size of government activity, CV is the price of government activity McpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government McpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded McpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU McpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5000 MLK . . +INF 0.5000 ---- EQU McpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD . . +INF 10.9677 MLK . . +INF 16.4516 LOWER SLACK UPPER MARGINAL ---- EQU McpHouseh~ . . +INF 0.0729 McpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 0.5000 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0000 +INF . MLK 0.0001 25.0000 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 30.0000 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.0000 +INF . MLK 0.0001 55.0000 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.2561 +INF . MLK 0.0001 0.4032 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.1537 +INF . BRD.MLK 0.0001 0.0586 +INF . MLK.BRD 0.0001 0.1244 +INF . MLK.MLK 0.0001 0.0660 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.0000 +INF . BRD.MLK 0.0001 8.0000 +INF . MLK.BRD 0.0001 17.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 73.0000 +INF . MLK 0.0001 72.0000 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5342 +INF . MLK 0.0001 0.5278 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5342 +INF . MLK 0.0001 0.5278 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.0323 +INF . MLK 0.0001 16.5484 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 61.9677 +INF . MLK 0.0001 59.4516 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3333 +INF . MLK 0.0001 2.0000 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 4.6500 +INF . MLK 0.0001 4.6500 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 2.4000 +INF . BRD.MLK 0.0001 2.4000 +INF . MLK.BRD 0.0001 2.2500 +INF . MLK.MLK 0.0001 2.2500 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 13.0000 +INF . MLK 0.0001 11.0000 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 75.9677 +INF . MLK 0.0001 72.4516 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.4000 +INF . BRD.MLK 0.0001 9.6000 +INF . MLK.BRD 0.0001 6.0000 +INF . MLK.MLK 0.0001 9.0000 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 10.9677 +INF . MLK 0.0001 16.4516 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.5000 +INF . BRD.MLK 0.0001 0.5000 +INF . MLK.BRD 0.0001 0.5000 +INF . MLK.MLK 0.0001 0.5000 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.2857 +INF . MLK 0.0001 0.2143 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 0.5000 +INF . ---- VAR Household~ 0.0001 11.5000 +INF . ---- VAR Household~ 0.0001 8.5000 +INF . ---- VAR MarginalU~ 0.0001 0.0729 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5000 +INF . MLK 0.0001 0.5000 +INF . **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 REDEFINED 0 ERRORS GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 10 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE NLPCGE Using NLP From line 1276 MODEL STATISTICS BLOCKS OF EQUATIONS 45 SINGLE EQUATIONS 95 BLOCKS OF VARIABLES 45 SINGLE VARIABLES 95 NON ZERO ELEMENTS 322 NON LINEAR N-Z 144 DERIVATIVE POOL 10 CONSTANT POOL 65 CODE LENGTH 912 GENERATION TIME = 0.015 SECONDS 3 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.015 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 11 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE NLPCGE Using NLP From line 1276 S O L V E S U M M A R Y MODEL NLPCGE OBJECTIVE NSR TYPE NLP DIRECTION MAXIMIZE SOLVER CONOPT FROM LINE 1276 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 2 Locally Optimal **** OBJECTIVE VALUE 0.0000 RESOURCE USAGE, LIMIT 0.063 1000.000 ITERATION COUNT, LIMIT 19 2000000000 EVALUATION ERRORS 0 0 CONOPT 3 Feb 14, 2013 24.0.2 WEX 38380.38394 WEI x86_64/MS Windows Reading parameter(s) from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" >> RTREDG=1E-10 Finished reading from "C:\ModelLibraryRMV1\CGE\ElectricityCGE\conopt.opt" C O N O P T 3 version 3.15I Copyright (C) ARKI Consulting and Development A/S Bagsvaerdvej 246 A DK-2880 Bagsvaerd, Denmark The model has 95 variables and 95 constraints with 322 Jacobian elements, 144 of which are nonlinear. The Hessian of the Lagrangian has 18 elements on the diagonal, 77 elements below the diagonal, and 64 nonlinear variables. ** Optimal solution. There are no superbasic variables. CONOPT time Total 0.062 seconds of which: Function evaluations 0.002 = 3.2% 1st Derivative evaluations 0.001 = 1.6% LOWER SLACK UPPER MARGINAL ---- EQU NlpLabour~ -INF . 40.0000 1.0198 NlpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU NlpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9924 MLK -INF . . 1.0048 ---- EQU NlpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD -INF . . 15.0380 MLK -INF . . 24.9620 ---- EQU NlpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD -INF . . 20.6042 MLK -INF . . 30.4016 ---- EQU NlpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0041 MLK -INF . . 1.0116 ---- EQU NlpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 35.6390 MLK -INF . . 55.3621 ---- EQU NlpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0041 MLK -INF . . 1.0116 ---- EQU NlpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5111 MLK -INF . . 0.8114 ---- EQU NlpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 0.3031 BRD.MLK -INF . . 0.1172 MLK.BRD -INF . . 0.2454 MLK.MLK -INF . . 0.1319 ---- EQU NlpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 35.6390 MLK -INF . . 55.3621 ---- EQU NlpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC used LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.3834 BRD.MLK -INF . . 8.0527 MLK.BRD -INF . . 17.3104 MLK.MLK -INF . . 9.0593 ---- EQU NlpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD -INF . . 74.3328 MLK -INF . . 72.4740 ---- EQU NlpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0595 MLK -INF . . 1.0605 ---- EQU NlpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 74.3328 MLK -INF . . 72.4740 ---- EQU NlpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0595 MLK -INF . . 1.0605 ---- EQU NlpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 16.4380 MLK -INF . . 16.5158 ---- EQU NlpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9950 MLK -INF . . 1.0004 ---- EQU NlpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD -INF . . 16.4380 MLK -INF . . 16.5158 ---- EQU NlpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 62.9858 MLK -INF . . 59.9841 ---- EQU NlpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9907 MLK -INF . . 1.0059 ---- EQU NlpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 12.9689 MLK -INF . . 11.2289 ---- EQU NlpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD -INF . . 1.0000 MLK -INF . . 1.0000 ---- EQU NlpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -INF . 1.0000 12.9689 MLK -INF . 1.0000 11.2289 ---- EQU NlpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 62.9858 MLK -INF . . 59.9841 ---- EQU NlpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3736 MLK -INF . . 2.0268 ---- EQU NlpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD -INF . . 1.3736 MLK -INF . . 2.0268 ---- EQU NlpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD -INF . . 9.2293 MLK -INF . . 9.3446 ---- EQU NlpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 6.5934 BRD.MLK -INF . . 9.7285 MLK.BRD -INF . . 6.1813 MLK.MLK -INF . . 9.1205 ---- EQU NlpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 4.7635 BRD.MLK -INF . . 4.8230 MLK.BRD -INF . . 4.4658 MLK.MLK -INF . . 4.5216 ---- EQU NlpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9924 MLK -INF . . 1.0048 ---- EQU NlpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9924 MLK -INF . . 1.0048 ---- EQU NlpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD -INF . . 20.0000 MLK -INF . . 15.0000 ---- EQU NlpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 0.9924 BRD.MLK -INF . . 1.0048 MLK.BRD -INF . . 0.9924 MLK.MLK -INF . . 1.0048 ---- EQU NlpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD -INF . . 21.3834 BRD.MLK -INF . . 8.0527 MLK.BRD -INF . . 17.3104 MLK.MLK -INF . . 9.0593 ---- EQU NlpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD -INF . . 11.1934 MLK -INF . . 16.5829 ---- EQU NlpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 0.5671 MLK -INF . . 0.4306 ---- EQU NlpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD -INF . . 76.9513 MLK -INF . . 73.2542 LOWER SLACK UPPER MARGINAL ---- EQU NlpGovern~ -INF . -35.0000 0.9977 ---- EQU NlpGovern~ -INF . . 35.0000 ---- EQU NlpGovern~ -INF . . 23.6479 ---- EQU NlpDomSav~ -INF . . 17.3383 NlpGovernmentActivityBal Size of government activity, CV is the price of government activity NlpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government NlpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded NlpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU NlpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD -INF . . 0.9924 MLK -INF . . 1.0048 ---- EQU NlpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD -INF . . 11.1934 MLK -INF . . 16.5829 LOWER SLACK UPPER MARGINAL ---- EQU NlpHouseh~ -INF . . 0.0365 ---- EQU NSROF . . . 1.0000 NlpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income NSROF The NSR objective function LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 1.0198 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0380 +INF . MLK 0.0001 24.9620 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.6042 +INF . MLK 0.0001 30.4016 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.6390 +INF . MLK 0.0001 55.3621 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.6390 +INF . MLK 0.0001 55.3621 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0041 +INF . MLK 0.0001 1.0116 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0041 +INF . MLK 0.0001 1.0116 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5111 +INF . MLK 0.0001 0.8114 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.3031 +INF . BRD.MLK 0.0001 0.1172 +INF . MLK.BRD 0.0001 0.2454 +INF . MLK.MLK 0.0001 0.1319 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.3834 +INF . BRD.MLK 0.0001 8.0527 +INF . MLK.BRD 0.0001 17.3104 +INF . MLK.MLK 0.0001 9.0593 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.3834 +INF . BRD.MLK 0.0001 8.0527 +INF . MLK.BRD 0.0001 17.3104 +INF . MLK.MLK 0.0001 9.0593 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 74.3328 +INF . MLK 0.0001 72.4740 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 74.3328 +INF . MLK 0.0001 72.4740 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0595 +INF . MLK 0.0001 1.0605 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0595 +INF . MLK 0.0001 1.0605 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.4380 +INF . MLK 0.0001 16.5158 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.4380 +INF . MLK 0.0001 16.5158 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9950 +INF . MLK 0.0001 1.0004 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 62.9858 +INF . MLK 0.0001 59.9841 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 62.9858 +INF . MLK 0.0001 59.9841 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9907 +INF . MLK 0.0001 1.0059 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3736 +INF . MLK 0.0001 2.0268 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3736 +INF . MLK 0.0001 2.0268 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 9.2293 +INF . MLK 0.0001 9.3446 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 4.7635 +INF . BRD.MLK 0.0001 4.8230 +INF . MLK.BRD 0.0001 4.4658 +INF . MLK.MLK 0.0001 4.5216 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 12.9689 +INF . MLK 0.0001 11.2289 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 12.9689 +INF . MLK 0.0001 11.2289 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 76.9513 +INF . MLK 0.0001 73.2542 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.5934 +INF . BRD.MLK 0.0001 9.7285 +INF . MLK.BRD 0.0001 6.1813 +INF . MLK.MLK 0.0001 9.1205 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 11.1934 +INF . MLK 0.0001 16.5829 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 11.1934 +INF . MLK 0.0001 16.5829 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.9924 +INF . BRD.MLK 0.0001 1.0048 +INF . MLK.BRD 0.0001 0.9924 +INF . MLK.MLK 0.0001 1.0048 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5671 +INF . MLK 0.0001 0.4306 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 0.9977 +INF . ---- VAR Household~ 0.0001 23.6479 +INF . ---- VAR Household~ 0.0001 17.3383 +INF . ---- VAR MarginalU~ 0.0001 0.0365 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR NSR -INF 3.312906E-13 +INF . NSR The value of the objective function, defined as net social revenue, which is zero at the equilibrium (optimal solution) **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 ERRORS GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 12 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Model Statistics SOLVE MCPCGE Using MCP From line 1279 MODEL STATISTICS BLOCKS OF EQUATIONS 44 SINGLE EQUATIONS 94 BLOCKS OF VARIABLES 44 SINGLE VARIABLES 94 NON ZERO ELEMENTS 257 NON LINEAR N-Z 80 DERIVATIVE POOL 10 CONSTANT POOL 56 CODE LENGTH 391 GENERATION TIME = 0.016 SECONDS 3 Mb WEX240-240 Feb 14, 2013 EXECUTION TIME = 0.016 SECONDS 3 Mb WEX240-240 Feb 14, 2013 GAMS Rev 240 WEX-WEI 24.0.2 x86_64/MS Windows 10.01.19 14:49:30 Page 13 G e n e r a l A l g e b r a i c M o d e l i n g S y s t e m Solution Report SOLVE MCPCGE Using MCP From line 1279 S O L V E S U M M A R Y MODEL MCPCGE TYPE MCP SOLVER PATH FROM LINE 1279 **** SOLVER STATUS 1 Normal Completion **** MODEL STATUS 1 Optimal RESOURCE USAGE, LIMIT 0.063 1000.000 ITERATION COUNT, LIMIT 0 2000000000 EVALUATION ERRORS 0 0 94 row/cols, 257 non-zeros, 2.91% dense. Path 4.7.02 (Thu Feb 14 14:41:01 2013) Written by Todd Munson, Steven Dirkse, and Michael Ferris INITIAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.6951e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 3.1264e-013 eqn: (McpProdnDomExp(MLK)) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) INITIAL JACOBIAN NORM STATISTICS Maximum Row Norm. . . . . . . . 1.0084e+002 eqn: (McpHouseholdBudget) Minimum Row Norm. . . . . . . . 1.0000e+000 eqn: (McpImportCommSupplyMargin(BRD) Maximum Column Norm . . . . . . 4.2000e+001 var: (WageRate) Minimum Column Norm . . . . . . 1.0121e+000 var: (ExpCommDem(BRD)) FINAL STATISTICS Inf-Norm of Complementarity . . 1.9093e-012 eqn: (McpDomSavInvBal) Inf-Norm of Normal Map. . . . . 3.1264e-013 eqn: (McpProdnDomExp(MLK)) Inf-Norm of Minimum Map . . . . 3.1264e-013 eqn: (McpProdnDomExp(MLK)) Inf-Norm of Fischer Function. . 3.1264e-013 eqn: (McpProdnDomExp(MLK)) Inf-Norm of Grad Fischer Fcn. . 9.2282e-012 eqn: (McpLabourSupDemBal) Two-Norm of Grad Fischer Fcn. . 1.1425e-011 FINAL POINT STATISTICS Maximum of X. . . . . . . . . . 7.6951e+001 var: (FinCompCommTotalSup(BRD)) Maximum of F. . . . . . . . . . 3.1264e-013 eqn: (McpProdnDomExp(MLK)) Maximum of Grad F . . . . . . . 4.0000e+001 eqn: (McpHouseholdBudget) var: (WageRate) LOWER SLACK UPPER MARGINAL ---- EQU McpLabour~ -40.0000 -40.0000 +INF 1.0198 McpLabourSupDemBal Labour supply and demand balance, complementarity variable is WageRate ---- EQU McpCapitalStockInvestmentBal Industry capital stock investment balance, complementarity variable is rental price of capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9924 MLK . . +INF 1.0048 ---- EQU McpLabourMVP Marginal Value Product of labour, complementarity variable is industry use of labour LOWER SLACK UPPER MARGINAL BRD . . +INF 15.0380 MLK . . +INF 24.9620 ---- EQU McpCapitalMVP Marginal Value Product of capital, complementarity variable is industry capital stock LOWER SLACK UPPER MARGINAL BRD . . +INF 20.6042 MLK . . +INF 30.4016 ---- EQU McpProdnCompPrimFact Production of the CPF, complementarity variable is the price of supply of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0041 MLK . . +INF 1.0116 ---- EQU McpCompPrimFactMargin Margin on composite primary factor for each industry, complementarity variable is quantity of CPF supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 35.6390 MLK . . +INF 55.3621 ---- EQU McpCompPrimFactSupDemBal Supply and demand balance of CPF, CV is the demand price of CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0041 MLK . . +INF 1.0116 ---- EQU McpProdnIntermCommUsingCompPrimFact Production of IC using CPF, CV is marginal cost wrt CPF LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5111 MLK . . +INF 0.8114 ---- EQU McpProdnIntermCommUsingFinCompComm Prodn of IC using each FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 0.3031 BRD.MLK . . +INF 0.1172 MLK.BRD . . +INF 0.2454 MLK.MLK . . +INF 0.1319 ---- EQU McpIntermCommMVPComPrimFact Marginal value product of CPF to make each IC, CV is the quantity of CPF demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 35.6390 MLK . . +INF 55.3621 ---- EQU McpIntermCommMVPFinCompComm Marginal value product of each FCC to make IC, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.3834 BRD.MLK . . +INF 8.0527 MLK.BRD . . +INF 17.3104 MLK.MLK . . +INF 9.0593 ---- EQU McpIntermCommMarginIncTax Margin (incl tax) for each IC, CV is production (supply) of each interm comm LOWER SLACK UPPER MARGINAL BRD . . +INF 74.3328 MLK . . +INF 72.4740 ---- EQU McpIntermCommSupDemBal Demand and supply commodity balance for IC, CV is the supply price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0595 MLK . . +INF 1.0605 ---- EQU McpIntermCommPriceBal Demand and supply price balance for intermediate commodity, CV is the quantity if IC demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 74.3328 MLK . . +INF 72.4740 ---- EQU McpProdnDomExp Production of domestic and export commodities using IC, CV is the demand price of the IC LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0595 MLK . . +INF 1.0605 ---- EQU McpExportCommMVP Marginal value product of export commodity for each industry, CV is the the quantity of export supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 16.4380 MLK . . +INF 16.5158 ---- EQU McpExportCommDemSupBal Export commodity domestic supply and foreign demand balance, CV is the price of export commodity (AUD) LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9950 MLK . . +INF 1.0004 ---- EQU McpExportCommDemand International demand for each export commodity, CV is the quantity of each commodity exported LOWER SLACK UPPER MARGINAL BRD . . +INF 16.4380 MLK . . +INF 16.5158 ---- EQU McpDomesticCommCETMVP Marginal value product of domestic commodity for each industry, CV is supply of domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 62.9858 MLK . . +INF 59.9841 ---- EQU McpDomesticCommDemSupBal Demand and supply of the domestic commodity for each industry, CV is the price of the domestic commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9907 MLK . . +INF 1.0059 ---- EQU McpImportCommMVP Marginal value product of import commodity for each industry, CV is the quantity of import demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 12.9689 MLK . . +INF 11.2289 ---- EQU McpImportCommDemSupBal Import commodity domestic demand and foreign supply commodity balance, CV domestic price of import LOWER SLACK UPPER MARGINAL BRD . . +INF 1.0000 MLK . . +INF 1.0000 ---- EQU McpImportCommSupplyMargin Margin for the international supply of each import commodity, CV is the quantity of international supply LOWER SLACK UPPER MARGINAL BRD -1.0000 -1.0000 +INF 12.9689 MLK -1.0000 -1.0000 +INF 11.2289 ---- EQU McpDomesticCommCESMVP Marginal value product of dom comm for each industry, CV is the quantity of the domestic comm demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 62.9858 MLK . . +INF 59.9841 ---- EQU McpInvestmentMarginDem Margin between the demand and supply price of capital stock,complementarity variable is investment demanded LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3736 MLK . . +INF 2.0268 ---- EQU McpInvestmentMarginSup Margin between the demand and supply price of investment, complementarity variable is investment supplied LOWER SLACK UPPER MARGINAL BRD . . +INF 1.3736 MLK . . +INF 2.0268 ---- EQU McpInvestmentSupDemBal Investment supply and demand balance, CV is the price of investment LOWER SLACK UPPER MARGINAL BRD . . +INF 9.2293 MLK . . +INF 9.3446 ---- EQU McpInvFinCompCommMVP Marginal value product of each FCC to make each investment, CV is the quantity of FCC demanded LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 6.5934 BRD.MLK . . +INF 9.7285 MLK.BRD . . +INF 6.1813 MLK.MLK . . +INF 9.1205 ---- EQU McpProdnInvestment Prodn of Investment using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 4.7635 BRD.MLK . . +INF 4.8230 MLK.BRD . . +INF 4.4658 MLK.MLK . . +INF 4.5216 ---- EQU McpProdFinCompComm Production of each final composite commodity, CV is the supply of price of the final composite commodity LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9924 MLK . . +INF 1.0048 ---- EQU McpFinCompCommDemSupBal Aggregate demand and supply balance for the final composite commodity, CV is the demand price of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9924 MLK . . +INF 1.0048 ---- EQU McpGovFinCompCommPriceBal Government price balance for FCC, CV is the quantity of FCC demanded by government LOWER SLACK UPPER MARGINAL BRD . . +INF 20.0000 MLK . . +INF 15.0000 ---- EQU McpIndFinCompCommSupDemBal Industry supply and demand balance for FCC, CV is induatry demand price for FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 0.9924 BRD.MLK . . +INF 1.0048 MLK.BRD . . +INF 0.9924 MLK.MLK . . +INF 1.0048 ---- EQU McpIndFinCompCommPriceBal Industry demand and supply price balance for FCC, CV is Industry use of FCC LOWER SLACK UPPER MARGINAL BRD.BRD . . +INF 21.3834 BRD.MLK . . +INF 8.0527 MLK.BRD . . +INF 17.3104 MLK.MLK . . +INF 9.0593 ---- EQU McpHouseholdFinCompCommPriceBal Household price balance for FCC, CV is the quantity of FCC demanded by household LOWER SLACK UPPER MARGINAL BRD . . +INF 11.1934 MLK . . +INF 16.5829 ---- EQU McpProdnGovernment Prodn of Government using FCC, CV is marginal cost wrt each FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 0.5671 MLK . . +INF 0.4306 ---- EQU McpFinCompCommPriceBal Demand and supply price balance for the final composite commodity, CV is aggregate supply of FCC LOWER SLACK UPPER MARGINAL BRD . . +INF 76.9513 MLK . . +INF 73.2542 LOWER SLACK UPPER MARGINAL ---- EQU McpGovern~ 35.0000 . +INF 0.9977 ---- EQU McpGovern~ . . +INF 35.0000 ---- EQU McpGovern~ . . +INF 23.6479 ---- EQU McpDomSav~ . . +INF 17.3383 McpGovernmentActivityBal Size of government activity, CV is the price of government activity McpGovernmentMargin Price of government and its cost of supply balance, CV is the size of Government McpGovernmentBudgetBal Government Revenue must be sufficient to cover expenditure, CV is Household tax demanded McpDomSavInvBal Saving by Aus household must fund domestic investment to maintain domestic ownership share, CV is domestic saving ---- EQU McpHouseholdCommBal Household comodity balance, CV is the price paid by households LOWER SLACK UPPER MARGINAL BRD . . +INF 0.9924 MLK . . +INF 1.0048 ---- EQU McpHouseholdConsumptionMU Marginal utility of household consumption, CV is the level of household consumption LOWER SLACK UPPER MARGINAL BRD . . +INF 11.1934 MLK . . +INF 16.5829 LOWER SLACK UPPER MARGINAL ---- EQU McpHouseh~ . . +INF 0.0365 McpHouseholdBudget Household expenditure is limited to household disposable income, CV is the marginal utility of income LOWER LEVEL UPPER MARGINAL ---- VAR WageRate 0.0001 1.0198 +INF . WageRate Wage rate for the exogenous supply of household labourWage rate for the exogenous supply of household labour ---- VAR Labour Quantity of labour used by each industry to make its the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 15.0380 +INF . MLK 0.0001 24.9620 +INF . ---- VAR CapitalStock Quantity of capital stock used by each industry to make its composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.6042 +INF . MLK 0.0001 30.4016 +INF . ---- VAR CompPrimFactSup Quantity of composite primary factor produced by the "mixing" agent (supplier) LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.6390 +INF . MLK 0.0001 55.3621 +INF . ---- VAR CompPrimFactDem Quantity of composite primary factor demanded by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 35.6390 +INF . MLK 0.0001 55.3621 +INF . ---- VAR PriceSupCompPrimFact Supply price of composite primary factor offered by the "mixing" agent LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0041 +INF . MLK 0.0001 1.0116 +INF . ---- VAR RentalPriceCapitalStock Annualised rental price of a unit of capital stock LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceDemCompPrimFact Demand price of composite primary factor offered by the producer of the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0041 +INF . MLK 0.0001 1.0116 +INF . ---- VAR MargCostICwrtCompPrimFact Marginal cost of producing the intermediate commodity wrt the composite primary factor LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5111 +INF . MLK 0.0001 0.8114 +INF . ---- VAR MargCostICwrtFinCompComm Marginal cost of producing the intermediate commodity wrt to each final composite commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.3031 +INF . BRD.MLK 0.0001 0.1172 +INF . MLK.BRD 0.0001 0.2454 +INF . MLK.MLK 0.0001 0.1319 +INF . ---- VAR IndFinCompCommDem Quantity of each final composite commodity demanded to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.3834 +INF . BRD.MLK 0.0001 8.0527 +INF . MLK.BRD 0.0001 17.3104 +INF . MLK.MLK 0.0001 9.0593 +INF . ---- VAR IndUseFinCompComm Quantity of each final composite commodity used to make each intermediate commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 21.3834 +INF . BRD.MLK 0.0001 8.0527 +INF . MLK.BRD 0.0001 17.3104 +INF . MLK.MLK 0.0001 9.0593 +INF . ---- VAR IntermCommSup Quantity of intermediate commodity supplied by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 74.3328 +INF . MLK 0.0001 72.4740 +INF . ---- VAR IntermCommDem Quantity of intermediate commodity used to make domestic and exported commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 74.3328 +INF . MLK 0.0001 72.4740 +INF . ---- VAR PriceSupIntermCommIncTax Price of supply of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0595 +INF . MLK 0.0001 1.0605 +INF . ---- VAR PriceDemIntermCommIncTax Price of demand of the intermediate commodity for each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0595 +INF . MLK 0.0001 1.0605 +INF . ---- VAR ExpCommSup Quantity of each export commodity produced by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.4380 +INF . MLK 0.0001 16.5158 +INF . ---- VAR ExpCommDem Quantity of each export commodity purchased by international buyers LOWER LEVEL UPPER MARGINAL BRD 0.0001 16.4380 +INF . MLK 0.0001 16.5158 +INF . ---- VAR PriceExpComm Price of each export commodity (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9950 +INF . MLK 0.0001 1.0004 +INF . ---- VAR DomCommSup Quantity of domestic commodity produced by each industry using the intermediate commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 62.9858 +INF . MLK 0.0001 59.9841 +INF . ---- VAR DomCommDem Quantity of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 62.9858 +INF . MLK 0.0001 59.9841 +INF . ---- VAR PriceDomComm Price of domestic commodity used by each industry to make the final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9907 +INF . MLK 0.0001 1.0059 +INF . ---- VAR PriceImpComm Price of demand for each import commodity, excluding the tariff (AUD) LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.0000 +INF . MLK 0.0001 1.0000 +INF . ---- VAR InvestmentDem Quantity of investment demanded by each industry to maintain its capital stock in steady state LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3736 +INF . MLK 0.0001 2.0268 +INF . ---- VAR InvestmentSup Quantity of investment supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 1.3736 +INF . MLK 0.0001 2.0268 +INF . ---- VAR PriceInvestment Unit cost of creating a unit of capital stock - price of investment LOWER LEVEL UPPER MARGINAL BRD 0.0001 9.2293 +INF . MLK 0.0001 9.3446 +INF . ---- VAR PriceDemInvFinCompComm Demand price of each final composite commodity used to create each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 4.7635 +INF . BRD.MLK 0.0001 4.8230 +INF . MLK.BRD 0.0001 4.4658 +INF . MLK.MLK 0.0001 4.5216 +INF . ---- VAR ImpCommDem Quantity of imported commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD 0.0001 12.9689 +INF . MLK 0.0001 11.2289 +INF . ---- VAR ImpCommSup Quantity of imported commodity supplied by foreigners LOWER LEVEL UPPER MARGINAL BRD 0.0001 12.9689 +INF . MLK 0.0001 11.2289 +INF . ---- VAR FinCompCommTotalSup Total quantity of the final composite domestic commodity supplied LOWER LEVEL UPPER MARGINAL BRD 0.0001 76.9513 +INF . MLK 0.0001 73.2542 +INF . ---- VAR GovFinCompCommDem Quantity of each final composite commodity demanded to make government activity LOWER LEVEL UPPER MARGINAL BRD 0.0001 20.0000 +INF . MLK 0.0001 15.0000 +INF . ---- VAR InvFinCompCommDem Quantity of each final composite commodity used to make each investment commodity LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 6.5934 +INF . BRD.MLK 0.0001 9.7285 +INF . MLK.BRD 0.0001 6.1813 +INF . MLK.MLK 0.0001 9.1205 +INF . ---- VAR HouseFinCompCommDem Quantity of each final composite domestic commodity demanded by households LOWER LEVEL UPPER MARGINAL BRD 0.0001 11.1934 +INF . MLK 0.0001 16.5829 +INF . ---- VAR HouseCons Quantity of household consumption of each final composite domestic commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 11.1934 +INF . MLK 0.0001 16.5829 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR Government . 35.0000 +INF . Government Quantity of government ---- VAR PriceSupFinCompComm Price of supply for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceDemFinCompComm Price of demand for each final composite commodity LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . ---- VAR PriceIndDemFinCompComm Demand price of each final composite domestic commodity used by each industry LOWER LEVEL UPPER MARGINAL BRD.BRD 0.0001 0.9924 +INF . BRD.MLK 0.0001 1.0048 +INF . MLK.BRD 0.0001 0.9924 +INF . MLK.MLK 0.0001 1.0048 +INF . ---- VAR MargCostGovwrtFinCompCom Marginal cost of government activity wrt each final composite commodity used LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.5671 +INF . MLK 0.0001 0.4306 +INF . LOWER LEVEL UPPER MARGINAL ---- VAR PriceGove~ 0.0001 0.9977 +INF . ---- VAR Household~ 0.0001 23.6479 +INF . ---- VAR Household~ 0.0001 17.3383 +INF . ---- VAR MarginalU~ 0.0001 0.0365 +INF . PriceGovernmentActivity Price of government activity HouseholdTaxDem level of household tax demanded by government HouseholdSavDem Level of household saving demanded to fund investment to maintain domestic ownership share of capital stock MarginalUtilityIncome Marginal utility of household disposable income ---- VAR PriceHouseCons Price paid by households for consumption of final composite commodities LOWER LEVEL UPPER MARGINAL BRD 0.0001 0.9924 +INF . MLK 0.0001 1.0048 +INF . **** REPORT SUMMARY : 0 NONOPT 0 INFEASIBLE 0 UNBOUNDED 0 REDEFINED 0 ERRORS EXECUTION TIME = 0.000 SECONDS 2 Mb WEX240-240 Feb 14, 2013 USER: Anna Zorzi G130228:0521CO-WIN Productivity Commission DC7625 **** FILE SUMMARY Input C:\ModelLibraryRMV1\CGE\ElectricityCGE\SmallCGENLPMCP.gms Output C:\ModelLibraryRMV1\CGE\ElectricityCGE\SmallCGENLPMCP.lst