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Behavioral Economics for Cost-Benefit Analysis

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

Behavioral Economics for Cost-Benefit Analysis

- Benefit Validity When Sovereign Consumers Seem to Make Mistakes
Af: David L. Weimer Engelsk Paperback
Tjek vores konkurrenters priser
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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Se mere i:
Produktdetaljer
Sprog: Engelsk
Sider: 178
ISBN-13: 9781316647660
Indbinding: Paperback
Udgave:
ISBN-10: 1316647668
Kategori: Offentlig økonomi og beskatning
Udg. Dato: 14 sep 2017
Længde: 16mm
Bredde: 293mm
Højde: 154mm
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 9781316647660

Sprog Engelsk

Indbinding Paperback

Sider 178

Udgave

Længde 16mm

Bredde 293mm

Højde 154mm

Udg. Dato 14 sep 2017

Oplagsdato 14 sep 2017

Forlag Cambridge University Press

Kategori sammenhænge