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Feedback pp 87-94 | Cite as

The Choice of Criterion

Chapter
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Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 10)

Abstract

One of the limitations of the feedback framework is that there are many ways to specify the criterion for choosing the best policy or policies. Thus there are a variety of opinions among the experts about how best to specify the criterion function. This chapter will chart the terrain of opinions about the best form for the criterion function, the choice of weights, and the choice of desired paths.

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Copyright information

© Martinus Nijhoff Publishers, Dordrecht 1988

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