Behavioral public choice: a survey
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional welfare economics, between the motivational assumptions of market participants and policymakers: Those who played the game of politics should also be considered rational and self-intere...
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| Main Authors: | , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Freiburg i. Br.
Inst. für Allg. Wirtschaftsforschung, Abt. für Wirtschaftspolitik
2014
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| Series: | Freiburger Diskussionspapiere zur Ordnungsökonomik
14/03 |
| In: |
Freiburger Diskussionspapiere zur Ordnungsökonomik (14/03)
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| Subjects: | |
| Online Access: | Verlag, Volltext: http://www.eucken.de/fileadmin/bilder/Dokumente/DP2014/Diskussionspapier_1403.pdf Download aus dem Internet, Stand: 06.02.2014, Volltext: http://hdl.handle.net/10419/92975 
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| Author Notes: | Jan Schnellenbach; Christian Schubert |
| Summary: | Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional welfare economics, between the motivational assumptions of market participants and policymakers: Those who played the game of politics should also be considered rational and self-interested. History repeats itself with the rise of behavioral economics: Cognitive biases discovered in market participants often induce a call for rational governments to intervene. Recently, however, behavioral economics has also been applied to the explanatory analysis of the political process. This paper surveys the current state of the emerging field of “behavioral public choice” and considers the scope for further research. |
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| Physical Description: | Online Resource |
| Format: | Systemvoraussetzungen: Acrobat Reader. |