How should carbon permits be allocated? Should recipients pay for permits or should they be ‘gifted’ on the basis of their emissions history? What is the best way of managing flood risk? Is it better to reinforce levee banks or to relocate existing housing? How can we get more value for every dollar spent on research and development? Are there ways to improve the processes by which research priorities are determined or to improve the effectiveness of research organisations?
These are just some of the questions on which Frontier has advised its public sector clients. Our clients are seeking to manage their resources more effectively to meet their objectives. However, the challenge of public policy often lies in managing a number of different objectives, and the trade-offs between them. Economics provides policy makers with the tools to handle these tasks, by illustrating the nature of incentives emanating from policy design, and by measuring overall benefits to society of policy alternatives.
These are just some of the questions on which Frontier has advised its public sector clients. Our clients are seeking to manage their resources more effectively to meet their objectives. However, the challenge of public policy often lies in managing a number of different objectives, and the trade-offs between them. Economics provides policy makers with the tools to handle these tasks, by illustrating the nature of incentives emanating from policy design, and by measuring overall benefits to society of policy alternatives.
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