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Environmental policies are increasingly informed by behavioral economics insights. 'Green nudges' in particular have been suggested as a promising new tool to encourage consumers to act in an environmentally responsible way, such as choosing renewable energy sources or saving energy. While there...
Persistent link: https://www.econbiz.de/10011421896
Nudges, i.e., low-cost interventions that steer people's behavior without compromising their freedom of choice, are the key contribution of 'Libertarian Paternalism' (LP) to public policy. They typically work through either harnessing or responding to people's cognitive biases and heuristics -...
Persistent link: https://www.econbiz.de/10011373210
The concept of "utility" is often used in ambiguous ways in economics, from having substantive psychological connotations to being a formal placeholder representing a person's preferences. In the accounts of the early utilitarians, it was a multidimensional measure that has been condensed during...
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Despite lower incomes the self-employed often report higher job satisfaction. But this increased job satisfaction only sometimes translates into higher life satisfaction, likely due to the heterogeneous nature of self-employment. By distinguishingdifferent types of self-employment, this paper...
Persistent link: https://www.econbiz.de/10011782009
Over the past two decades, the United Nations Security Council has responded more strongly to some humanitarian crises than to others. This variation in Security Council action raises the important question of what factors motivate United Nations intervention. This article offers a...
Persistent link: https://www.econbiz.de/10012036984
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This paper delivers a step toward a naturalistic foundation of the social contract. While mainstream social contract theory is based on an original position model that is defined in an aprioristic way, we endogenize its key elements, i.e., develop them out of the individuals' moral common sense....
Persistent link: https://www.econbiz.de/10010261516
According to the principle of Normative Individualism, the evaluation of economic states and processes should be guided exclusively by the wishes of the individuals who are seen as the only bearer of values. Despite its intuitive appeal and its almost universal acceptance in normative economics...
Persistent link: https://www.econbiz.de/10010266715