Dynamic Partial Equilibrium Agricultural Trade Simulator: PEATSim
PEATSim (Partial Equilibrium Agricultural Trade Simulation) is a dynamic, partial equilibrium, mathematical-based model that enables users to reach analytical solutions to problems, given a set of parameters, data, and initial
conditions. This theoretical tool developed by ERS incorporates a wide range of domestic and border policies that enables it to estimate the market and trade effects of policy changes on agricultural markets. PEATSim captures
the economic behavior of agricultural producers, consumers, and markets in a global framework. It includes variables for production of crops and livestock activities, consumption, exports, imports, stocks, world prices, and domestic producer and consumer prices.