This monograph provides a novel approach to the evaluation of economic policy by combining two different analytical strategies. On the one hand, the computable general equilibrium (CGE) analysis, a standard tool mostly used to quantify the impact of economic measures or changes in the structural data of the economy. On the other hand, the multiple criteria decision-making (MCDM) approach, an op- misation technique that deals with problems with more than one objective. Ty- cally, CGE is well suited for the analysis of the interactions of multiple agents from the point of view of a planner single objective. Combining this technique with the MCDM approach allows developing models in which we ?nd many interacting agents and a decision maker with several objectives. The contribution of this work is partly methodological and partly applied. It provides a framework for the analysis of this type of problems, as well as a series of applications in which the strength of the approach is made clear. The consideration of environmental problems, as a speci?c ?eld in which this technique of analysis can be used, is particularly well chosen. The environmental concern keeps growing steadily and has already become an issue in most of the standard economic decisions. It is therefore extremely important to ?nd systematic ways to introduce such a concern in the models with which we evaluate the impact of policy measures.
General Framework: Policy Making as a Problem with Multiple Criteria.- Economic Policy Using Applied General Equilibrium Models: An Overview.- Basic Aspects of the Multiple Criteria Decision Making Paradigm.- Multicriteria Economic Policies: General Ideas and Some Previous Experiences.- Building a CGE Model for Economic and Environmental Policies.- Designing Efficient Policies in Terms of Economic and Environmental Objectives.- Compromise Policies. An Integration of Economic and Environmental Criteria.- Joint Design of Economic and Environmental Policies: A Simonian Satisficing Approach.- Proposal for an Alternative Multicriteria Policy Approach Based on Welfare Functions.
Series: Lecture Notes in Economic and Mathematical Systems
Number Of Pages: 180
Published: 4th August 2010
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 23.39 x 15.6
Weight (kg): 0.24