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Behavioral Economics for Cost-Benefit Analysis

- Benefit Validity When Sovereign Consumers Seem to Make Mistakes
Af: David L. Weimer Engelsk Hardback

Behavioral Economics for Cost-Benefit Analysis

- Benefit Validity When Sovereign Consumers Seem to Make Mistakes
Af: David L. Weimer Engelsk Hardback
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How should policy analysts assess ''benefit validity'' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected utility theory, unexpectedly large differences between willingness to pay and willingness to accept, non-exponential discounting, and harmful addiction. In addition to its immediate value to practicing policy analysts, it helps behavioral economists identify issues where their research programs can make practical contributions to better policy analysis.
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How should policy analysts assess ''benefit validity'' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected utility theory, unexpectedly large differences between willingness to pay and willingness to accept, non-exponential discounting, and harmful addiction. In addition to its immediate value to practicing policy analysts, it helps behavioral economists identify issues where their research programs can make practical contributions to better policy analysis.
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Produktdetaljer
Sprog: Engelsk
Sider: 176
ISBN-13: 9781107197350
Indbinding: Hardback
Udgave:
ISBN-10: 110719735X
Kategori: Offentlig økonomi og beskatning
Udg. Dato: 14 sep 2017
Længde: 15mm
Bredde: 237mm
Højde: 159mm
Forlag: Cambridge University Press
Oplagsdato: 14 sep 2017
Forfatter(e): David L. Weimer
Forfatter(e) David L. Weimer

Kategori Offentlig økonomi og beskatning

ISBN-13 9781107197350

Sprog Engelsk

Indbinding Hardback

Sider 176

Udgave

Længde 15mm

Bredde 237mm

Højde 159mm

Udg. Dato 14 sep 2017

Oplagsdato 14 sep 2017

Forlag Cambridge University Press