chapter two Behavioral Public Economics : Welfare and Policy Analysis with Nonstandard Decision-Makers

@inproceedings{BernheimchapterTB,
  title={chapter two Behavioral Public Economics : Welfare and Policy Analysis with Nonstandard Decision-Makers},
  author={Bo-G{\"o}ran Bernheim and Antonio Rangel}
}
Public economics has positive and normative objectives; it aims both to describe the effects of public policies and to evaluate them. This agenda requires us to formulate models of human decision-making with two components: one describing choices, and the other describing well-being. Using the first component, we can forecast the effects of policy reforms… CONTINUE READING