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Setting parameters in the model: general methodologies and details

Parameters in the model are set according to a number of rules, some very general and others quite specific. The parameters actually needed by the model essentially divide into those which are taken (or estimated) directly from the literature, and those which are calculated indirectly from information in the literature and model constraints.

Here we first detail the general principles used in setting parameters. Readers wishing simply for a reference database of all parameters in the model can go to the list of model parameters at the end, which are arranged alphabetically. Within this very long table are links to the functional forms, and where parameters are set by a complicated or non-standard process, to the sections describing how this is done.

Murad Banaji