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

In: Econometric Contributions to Public Policy

Author

Listed:
  • Rainer Thoss

    (University of Munster)

  • Kjell Wiik

    (University of Munster)

Abstract

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.

Suggested Citation

  • Rainer Thoss & Kjell Wiik, 1978. "Optimal Allocation of Economic Activities under Environmental Constraints in the Frankfurt Metropolitan Area," International Economic Association Series, in: Richard Stone & William Peterson (ed.), Econometric Contributions to Public Policy, chapter 15, pages 348-369, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16003-7_16
    DOI: 10.1007/978-1-349-16003-7_16
    as

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