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Persistent link: https://www.econbiz.de/10015332485
This chapter surveys work in behavioral public economics, emphasizing the normative implications of non-standard decision making for the design of welfare-improving and/or optimal policies. We highlight combinations of theoretical and empirical approaches that together can produce robust...
Persistent link: https://www.econbiz.de/10012914700
This chapter surveys work in behavioral public economics, emphasizing the normative implications of non-standard decision making for the design of welfare-improving and/or optimal policies. We highlight combinations of theoretical and empirical approaches that together can produce robust...
Persistent link: https://www.econbiz.de/10014023399
Persistent link: https://www.econbiz.de/10011925901
Persistent link: https://www.econbiz.de/10011896009
This paper develops an approach for estimating people's perceived and actual self-control problems in the field, and for investigating whether offers of commitment contracts are well-targeted tools for addressing self-control problems. In an experiment on gym attendance (N=1,248), we estimate a...
Persistent link: https://www.econbiz.de/10012864478
This chapter surveys work in behavioral public economics, emphasizing the normative implications of non-standard decision making for the design of welfare-improving and/or optimal policies. We highlight combinations of theoretical and empirical approaches that together can produce robust...
Persistent link: https://www.econbiz.de/10012452893
Policymakers are increasingly interested in non-standard policy instruments (NPIs), or "nudges," such as simplified information disclosure and warning labels. We characterize the welfare effects of NPIs using public finance sufficient statistic approaches, allowing for endogenous prices, market...
Persistent link: https://www.econbiz.de/10013477232
The standard revealed-preference approach to welfare economics encounters fundamental difficulties when the act of choosing directly affects welfare through emotions such as guilt, pride, and anxiety. We address this problem by developing an approach that redefines consumption bundles in terms...
Persistent link: https://www.econbiz.de/10014512054
Persistent link: https://www.econbiz.de/10013253991