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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Bibliographic Details
Main Author: Jason F. Shogren
Format: Article
Language:English
Published: Western Agricultural Economics Association 2012-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/142349
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author Jason F. Shogren
author_facet Jason F. Shogren
author_sort Jason F. Shogren
collection DOAJ
description 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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spelling doaj.art-02219f2d44da4402bf959c7932a7e8b32022-12-22T01:59:22ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852012-12-0137334936010.22004/ag.econ.142349142349WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & NudgesJason F. ShogrenHerein 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.https://ageconsearch.umn.edu/record/142349behavioral economicsconflictcooperationincentivesmechanism designmoney pumpsnudges
spellingShingle Jason F. Shogren
WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
Journal of Agricultural and Resource Economics
behavioral economics
conflict
cooperation
incentives
mechanism design
money pumps
nudges
title WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
title_full WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
title_fullStr WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
title_full_unstemmed WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
title_short WAEA Keynote Address: Behavioral Environmental Economics: Money Pumps & Nudges
title_sort waea keynote address behavioral environmental economics money pumps nudges
topic behavioral economics
conflict
cooperation
incentives
mechanism design
money pumps
nudges
url https://ageconsearch.umn.edu/record/142349
work_keys_str_mv AT jasonfshogren waeakeynoteaddressbehavioralenvironmentaleconomicsmoneypumpsnudges