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1978 | OriginalPaper | Chapter

Optimal Allocation of Economic Activities under Environmental Constraints in the Frankfurt Metropolitan Area

Authors : Rainer Thoss, Kjell Wiik

Published in: Econometric Contributions to Public Policy

Publisher: Palgrave Macmillan UK

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In this paper we are concerned with the contribution of econometrics to environmental policy. The contribution of econometrics to public policy lies in the fact that it provides decision-makers with the possibility of conducting experiments before taking political measures. Of course, during the phase of model-building and testing of hypotheses much insight is gained into the mechanisms of the economic system, but the ultimate purpose of econometrics is simulation.

Metadata
Title
Optimal Allocation of Economic Activities under Environmental Constraints in the Frankfurt Metropolitan Area
Authors
Rainer Thoss
Kjell Wiik
Copyright Year
1978
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1007/978-1-349-16003-7_16