Behavioral economic engineering

Economic engineering is the science of designing real-world institutions and mechanisms that align individual incentives and behavior with the underlying goals. This paper discusses why behavioral economic engineering is a promising research field, how behavioral phenomena may affect economic engineering, and the role of theory and laboratory experiments for behavioral economic engineering in practice. We provide examples, many from our own work.

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Year of publication:	2012
Authors:	Bolton, Gary E. ; Ockenfels, Axel
Published in:	Journal of Economic Psychology. - Elsevier, ISSN 0167-4870. - Vol. 33.2012, 3, p. 665-676
Publisher:	Elsevier
Subject:	Economic engineering \| Behavioral economics \| Experimental economics

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Type of publication:	Article
Classification:	C9 - Design of Experiments ; D0 - Microeconomics. General
Source:	RePEc - Research Papers in Economics

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