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EMF SR 2: Application of Quantitative Methods for Energy-Economic Planning in Semisocialized Economies

Special Report

This volume investigates quantitative modeling techniques as applied to economies other than textbook free market economies. Most existing quantitative modeling approaches are descended from textbook supply-demand balancing ideas, which frankly do not apply in most economies of the world. Indeed most economies of the world are not comprised solely of private producers and private consumers; the government is a large and important player in most economic systems. And the government does not necessarily pursue the textbook objectives of profit maximization or utility maximization upon which quantitative models are founded. We shall term economies with a large and important government sector semisocialized economies, and we shall investigate the fundamental nature of such economies, the adaptations in economic modeling approaches needed to characterize such economies, and how such adaptations can be used to support public policy analysis.


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