• Initiative -
  • Type Methodology paper
  • Date May 31, 2017
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Abstract

The traditional economic approach to policy analysis is to utilize tools and methods developed within the field of economics and study the economic impact of one or more policies solely from an economic perspective. As a consequence, the “policies” are usually formulated and evaluated only by an assessment of the pure economic optimality of expected outcomes. Moreover, economic models typically treat policy choices as exogenously specified. Once policies are selected according to some exogenous process, then scenario analysis can be performed to simulate the economic impact of those policies.

Authors

Ben Wise

Ben Wise

Visiting Researcher Ben Wise is a visiting research at KAPSARC. He supports the Policy Decision Sciences group as the main architect of…

Expertise

  • Formals models of planning
  • negotiation
  • optimization
  • trade
  • finance

Publications See all Ben Wise’s publications

Policy Options for Reducing Water for Agriculture in Saudi Arabia

Policy Options for Reducing Water for Agriculture in Saudi Arabia

The traditional economic approach to policy analysis is to utilize tools and methods developed within…

January 23, 2018

Modeling collective decision-making processes with the KAPSARC toolkit for behavioral analysis

The traditional economic approach to policy analysis is to utilize tools and methods developed within…

October 19, 2017
Andrew Howe

Andrew Howe

Research Fellow Andrew Howe is a research fellow in KAPSARC’s Policy and Decision Science program. He is a seasoned quantitative modeler with…

Brian Efird

Brian Efird

Program Director Dr. Brian Efird is the program director for Policy and Decision Science. He manages a multidisciplinary, multi-national team of researchers…

Expertise

  • Behavioral modeling
  • geopolitics
  • defense and national security studies
  • human geography
  • and strategic communication

Publications See all Brian Efird’s publications

Can Japanese Nuclear Power Be Restarted Sooner? A Simulation of Alternative Scenarios

Can Japanese Nuclear Power Be Restarted Sooner? A Simulation of Alternative Scenarios

The traditional economic approach to policy analysis is to utilize tools and methods developed within…

October 27, 2019
Energy Governance in China: The Structures and Processes of Government Decision-Making

Energy Governance in China: The Structures and Processes of Government Decision-Making

The traditional economic approach to policy analysis is to utilize tools and methods developed within…

May 14, 2019
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