Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers

By B. Douglas Bernheim, Antonio Rangel. 2005

280 citations recorded by the source corpus.

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by surveying behavioral studies of policy problems involving saving, addiction, and public goods. We argue that the literature on behavioral public economics, though in its infancy, has already fundamentally changed our understanding of public policy in each of these domains.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/552cb125643fa5069a252e2a221f8215118bb512

Citations in the corpus

• Payday Lenders: Heroes or Villains? (2011, unknown): “The regression equation corresponding to equation (5) is:”