publication . Article . 2012

WAEA Keynote Address Behavioral Environmental Economics: Money Pumps & Nudges

Shogren, Jason F.;
Open Access
  • Published: 01 Jan 2012
Abstract
Herein we explore how money pumps from rational choice theory and nudges from behavioral economics work toward helping create better environmental policy. We examine the role of money pumps in environmental policy, and whether policymakers can use nudges to "supercharge" incentives. We summarize insight that has emerged from both camps in the areas of conflict/cooperation and mechanism design.
Subjects
free text keywords: behavioral economics, conflict, cooperation, incentives, mechanism design, money pumps, nudges, Environmental Economics and Policy, Financial Economics,
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