eBook - ePub

Behavioral Public Economics

Name: Behavioral Public Economics
ISBN: 9781000456493

Social Incentives and Social Preferences

Shinji Teraji,

206 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Behavioral Public Economics

Social Incentives and Social Preferences

Shinji Teraji,

About this book

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.

Key features:

Introduces behavioral perspectives into public economics.
Explains why economic incentives often undermine social preferences.
Reveals that social incentives matter for public policy.

This book will be an invaluable resource for researchers and postgraduate students in public economics, behavioral economics, and public policy.

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Yes, you can access Behavioral Public Economics by Shinji Teraji in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.