This report was produced as part of the THINK project. The value and necessity of demand response as a flexibility means has been widely recognised among stakeholders and policy makers in Europe (e.g. EC, 2011a, 2012a, 2012b; Smart Grids Task Force, 2013; ENTSOE, 2012b). The gradual roll-out of smart...

Economists are increasingly using computer simulations to understand the implications of their theoretical models and to make policy recommendations. New model solution techniques are required to deal with the increasingly important role of dynamics and uncertainty in macroeconomics. This book...