Shinji Teraji is Professor of Economics at Yamaguchi University, Japan. His research is mainly concerned with behavioral economics, institutional economics, and economic methodology.
Behavioral Public Economics. Social Incentives and Social Preferences
Par :Formats :
- Nombre de pages205
- FormatGrand Format
- PrésentationBroché
- Poids0.345 kg
- Dimensions15,5 cm × 23,5 cm × 1,3 cm
- ISBN978-0-367-36241-6
- EAN9780367362416
- Date de parution01/01/2022
- ÉditeurRoutledge
Résumé
Behavioral Public Economics shows how standard public economics can be improved using insights from behavioral economics. Public economics typically lists four market failures that may justify government intervention in markets?imperfect competition (or natural monopoly), externalities, public goods, and asymmetric information. Under the rational choice paradigm (‘agents choose what is best for them'), public economics has examined the welfare effects of policy.
Recent research in behavioral economics highlights a fifth market failure?individuals may make mistakes in pursuing their own well-being. This book calls for a rethinking of assumptions of individual behavior and provides a good foundation for public economic theory.
Recent research in behavioral economics highlights a fifth market failure?individuals may make mistakes in pursuing their own well-being. This book calls for a rethinking of assumptions of individual behavior and provides a good foundation for public economic theory.