Policy optimization by lexicographic preference ordering

P. Stork*, J. M. Viaene

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

A lexicographic preference ordering of policy objectives is used to define the policymaker's choice among alternatives. It is shown how the constrained multiple goal problem can be placed in a one-to-one relationship with multidimensional utility analysis. The method is applied to a model of the Dutch economy and it is shown that it has good potential as a policy optimization method, its strengths being its ease of use and the quality of its results.

Original languageEnglish
Pages (from-to)655-673
Number of pages19
JournalJournal of Policy Modeling
Volume14
Issue number5
DOIs
Publication statusPublished - Oct 1992

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