Econometric Decision Models

This volume gathers the papers presented at a 1981 conference on econometric decision models, held on June 19 and 20 at the University of Hagen, known in German as the FernUniversität. It contains 18 papers and extended abstracts by econometricians, economists and operations researchers. Ten come from West Germany, three from the United States, two from the Netherlands, and one each from Finland, Switzerland and Yugoslavia. Two of the contributions by authors from abroad could not be presented at the conference itself: one by E.O. Heady and colleagues from the United States, and one by H. and J. Wallenius from Finland.

All but one of the authors work at universities. The audience also included people from federal and state economic agencies, and the discussion focused on how econometric decision models could be improved so that they play a larger role in practical policy decisions. The volume's introductory paper explores this question further.

Funding for the conference came from the University of Hagen, which was supported by taxpayers in North Rhine-Westphalia, the Society of the Friends of the University of Hagen, and several banks in Hagen and Hohenlimburg, including Commerzbank, Sparkasse and Volksbank branches.