Assessment of several algorithms for multi-period market equilibrium models with geometric distributed lag demand

With distributed lags, demand is a function of prices in the current and earlier periods. We explore the computational behaviour of a new equilibrium-seeking algorithm, called the decoupling algorithm, for the solution of economic equilibrium models when demand has geometric distributed lag structure and supply is a linear program. Several versions of the decoupling algorithm are defined, and their computational behaviour is explored for a large-scale realistic model of North American energy supplies and demands.