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Behavioral economic engineering

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Author Info

  • Bolton, Gary E.
  • Ockenfels, Axel

Abstract

Economic engineering is the science of designing real-world institutions and mechanisms that align individual incentives and behavior with the underlying goals. This paper discusses why behavioral economic engineering is a promising research field, how behavioral phenomena may affect economic engineering, and the role of theory and laboratory experiments for behavioral economic engineering in practice. We provide examples, many from our own work.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 33 (2012)
Issue (Month): 3 ()
Pages: 665-676

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Handle: RePEc:eee:joepsy:v:33:y:2012:i:3:p:665-676

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Web page: http://www.elsevier.com/locate/joep

Related research

Keywords: Economic engineering; Behavioral economics; Experimental economics;

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References

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Cited by:
  1. Markus Pasche, 2013. "What Can be Learned from Behavioural Economics for Environmental Policy?," Jena Economic Research Papers 2013-020, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.

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