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Behavioral public economics : welfare and policy analysis with non-standard decision makers

Author: B Douglas Bernheim; Antonio Rangel; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2005.
Series: Working paper series (National Bureau of Economic Research), no. 11518.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"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  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: B Douglas Bernheim; Antonio Rangel; National Bureau of Economic Research.
OCLC Number: 61179962
Notes: July 2005.
Title from first page of PDF document.
Description: 1 online resource (76 pages) : color illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 11518.
Responsibility: B. Douglas Bernheim, Antonio Rangel.

Abstract:

"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"--National Bureau of Economic Research web site.

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