Abstract
Experimental and behavioral economics are well-established branches of economic science. This essay presents and discusses some results and behavioral regularities from these fields, which are of potential and actual importance for public policy. After a brief introduction to what experimental and behavioral economics are, some important behavioral regularities - presentation and framing effects, prosocial behavior, and reciprocity - are introduced, and it is reported how they interact with prominent trading institutions, taxation, and social and individual well-being. Throughout, some implications for public policy are discussed.
Original language | English |
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Pages (from-to) | 65-95 |
Number of pages | 31 |
Journal | Finanzarchiv |
Volume | 66 |
Issue number | 1 |
DOIs | |
Publication status | Published - Mar 2010 |
Keywords
- public economics
- experimental economics
- behavioral economics
- public policy
- LIABILITY-SIDE EQUIVALENCE
- GIFT-EXCHANGE
- PURCHASE QUANTITY
- TAX
- PREFERENCES
- MARKETS
- RECIPROCITY
- DECISIONS
- FAIRNESS
- AVERSION