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Behavioural Economics, Hyperbolic Discounting and Environmental Policy

Abstract:

This paper reviews some recent research in "behavioural economics" with an application to environmental issues. Empirical results from behavioural economics provide a reminder that human behaviour is context-dependent, implying that policy may go awry if based upon models of behaviour which are inappropriate to the contexts in which decisions are made. Recognizing that agents may, in some contexts, systematically make mistakes raises challenging questions about the role of "paternalism" in go...

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Publication status:
Published

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Publisher copy:
10.1007/s10640-010-9354-9

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Institution:
University of Oxford
Department:
Oxford, MPLS, Engineering Science
Role:
Author
Journal:
ENVIRONMENTAL and RESOURCE ECONOMICS
Volume:
46
Issue:
2
Pages:
189-206
Publication date:
2010-06-05
DOI:
EISSN:
1573-1502
ISSN:
0924-6460
URN:
uuid:b72e7e4c-b3c6-406f-890b-c0280972beca
Source identifiers:
64797
Local pid:
pubs:64797

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