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An Economic Simulation Model for Analyzing Natural Resource Policy*

Milton L. Holloway

Journal of Agricultural and Applied Economics, 1974, vol. 6, issue 1, 171-178

Abstract: The current energy crisis, water supply and distribution problems, land use conflicts, and environmental issues are bringing with them a series of federal and state policy actions (legislation, new institutions, and court decisions) in response to the complex problem of resource allocation. In their simplest form, the policy questions deal with the public sector influence on the allocation of available scarce resources among alternative uses, and the allocation of scarce public investment funds among alternative programs to augment available supplies of these resources.

Date: 1974
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