Global Modeling and Target Optimality

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/1410 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/1410 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/1410 archive 351 disk0/00/00/13/70 2016-01-15 01:48:06 2021-08-27 17:09:51 2016-01-15 01:48:06 monograph show 2 Snower D. AL0366 Global Modeling and Target Optimality pub iis_mod iis_glm prog_sds This article's point of departure is the observation that global modelers characteristically do not justify their policy recommendations in terms of social optimality 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, illustrative global model. 1980-06 published WP-80-099 WP-80-099 2401 public working_paper IIASA, Laxenburg, Austria 26 FALSE info:eu-repo/semantics/book