The Good, the Bad, and the Ugly: A Unified Approach to Behavioral Welfare Economics1
By Douglas Bernheim. Journal of Benefit-Cost Analysis, 2016
111 citations recorded by the source corpus.
This paper discusses the ways in which behavioral economics challenges the premises of conventional welfare economics. It proposes revised premises that survive those challenges and sets forth a welfare framework derived from that foundation. It argues that the proposed framework is practical, in the sense that it lends itself to applications, as well as unifying, in the sense that it subsumes other approaches and illuminates the relationships between them.
Subfields: Accounting, Economics and Econometrics, General Decision Sciences
View Paper: https://www.semanticscholar.org/paper/2932d423df8069ae9ca24a11f8b0ad13ac0552fc
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In Accounting
In Economics and Econometrics
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Citations in the corpus
- Prospect theory and energy efficiency (2019, background): “31 For example, Bernheim and Rangel (2009) and Bernheim (2016).”