Abstract
Behavioural public economics incorporates ideas from behavioural economics, psychology, and neuroscience in the analysis and design of public policies. This article provides an introduction to its methods and discusses its application to savings and addiction policy.
Keywords
- Addiction
- Behavioural public economics
- Budget constraints
- Compulsory saving
- Default options
- Imperfect decision processes
- Intertemporal choice
- Lump-sum taxes
- Myopia
- Neoclassical public economics
- Neuroscience
- Pigouvian taxes
- Psychology and economics
- Tax incentives for saving
- Well-being
JEL Classifications
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Douglas Bernheim, B., Rangel, A. (2008). Behavioural Public Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2074-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_2074-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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