policy target dynamics in a global-model context

Snower, Dennis J. (April 1980) policy target dynamics in a global-model context. Former Series > Forschungsberichte / Research Memoranda 152


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summary: this article's point of departure is the observation that global modelers characteristically do not justify their policy recommendations in terms of social optimal criteria. instead, they simply compare the forecasts of their descriptive models with the simulations of their prescriptive models. this article attempts to clarify why social optimality criteria are necessary in global modeling and how such criteria can be constructed. in this vein, the socially optimal paths of policy targets are derived for a simple, illustrate global model.;

Item Type: IHS Series
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07
URI: https://irihs.ihs.ac.at/id/eprint/152

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