Wood, Jacob, Kim, Dojin, and Jang, Lee-chae (2024) Evaluation of subjective policy reflection using the Choquet integral and its applications. Fuzzy Sets and Systems, 488. 109012.

PDF (Published Version) - Published Version Restricted to Repository staff only

Abstract

This paper proposes a methodology for assessing the subjective policy reflection in national trade policies through the use of Choquet integral. Specifically, we introduce three fuzzy measures that reflect different policies based on the trade items included in data on the annual trade amounts of selected national animal products from 2010 to 2020. The Choquet expected utility serves as a tool for evaluating subjective policy reflection, allowing for the comparison of national economic policies across selected countries. To demonstrate the practical application of the proposed methodology, we provide specific numerical values that represent the evaluation of subjective policy reflection. Furthermore, we present a decision-making strategy that pertains to the allocation of subsidies on imports and exports of trade transaction amounts, assuming that government subsidies are budgeted using the Choquet expected utility. The proposed methodology offers a valuable framework for policymakers and stakeholders, facilitating in-depth analysis and improvement of the effectiveness of national trade policies.

Item ID:	82834
Item Type:	Article (Research - C1)
ISSN:	1872-6801
Keywords:	Choquet integral, Fuzzy measure, Subjective policy reflection, Decision under policy
Copyright Information:	© 2024 Elsevier B.V. All rights are reserved, including those for text and data mining, AI training, and similar technologies.
Date Deposited:	23 May 2024 01:14
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380110 International economics @ 50% 49 MATHEMATICAL SCIENCES > 4901 Applied mathematics > 490199 Applied mathematics not elsewhere classified @ 50%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1501 International trade policy > 150103 Trade policy @ 50% 28 EXPANDING KNOWLEDGE > 2801 Expanding knowledge > 280108 Expanding knowledge in economics @ 25% 28 EXPANDING KNOWLEDGE > 2801 Expanding knowledge > 280118 Expanding knowledge in the mathematical sciences @ 25%
Downloads:	Total: 1
	More Statistics