Hafstead Dynamic Regional General Equilibrium Model (DR-GEM)
RFF's Dynamic Regional General Equilibrium Model can evaluate how the impacts of federal climate policy vary across regions and sub-regions.
About the Model
The Dynamic Regional General Equilibrium Model (DR-GEM) is a regional variation of the national-level E3 model. This CGE model divides the country into regions and sub-regions. The model can evaluate how the impacts of a federal climate policy vary across regions or to evaluate how regional climate policies impact both covered and uncovered regions. The model is unique in its attention to regional capital dynamics, which are important for analyzing how policies impact regional economies over time and in analyzing how economic activity moves across regions in response to regional climate policies. The model has been used to evaluate carbon taxes and cap-and-trade programs in Vermont, Colorado, Washington, and New York State.
Examining the design and implications of carbon pricing policies for the economy and the environment
Data and Decision Tools
Utilizing economic concepts and tools to design and evaluate local, state, regional, and national policies
Federal Climate Policy
Using the best-available data to inform US federal action to address climate change