WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
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 sum...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2012-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/142349 |
| Summary: | 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. |
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| ISSN: | 1068-5502 2327-8285 |