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
Included in: Professional Book Archive
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
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.