Time for behavioral political economy? An analysis of articles in behavioral economics
AbstractThis study analyzes leading research in behavioral economics to see whether it contains advocacy of paternalism and whether it addresses the potential cognitive limitations and biases of the policymakers who are going to implement paternalist policies. The findings reveal that 20.7% of the studied articles in behavioral economics propose paternalist policy action and that 95.5% of these do not contain any analysis of the cognitive ability of policymakers. This suggests that behavioral political economy, in which the analytical tools of behavioral economics are applied to political decision-makers as well, would offer a useful extension of the research program.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 166.
Length: 22 pages
Date of creation: 19 May 2011
Date of revision:
Publication status: Forthcoming as Berggren, Niclas, 'Time for behavioral political economy? An analysis of articles in behavioral economics' in Review of Austrian Economics, 2011.
Contact details of provider:
Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Phone: 08-441 59 00
Fax: 08-441 59 29
Web page: http://www.ratio.se/
More information through EDIRC
Behavioral economics; Anomalies; Rationality; Homo economicus; Public choice;
Other versions of this item:
- Niclas Berggren, 2012. "Time for behavioral political economy? An analysis of articles in behavioral economics," The Review of Austrian Economics, Springer, vol. 25(3), pages 199-221, September.
- D03 - Microeconomics - - General - - - Behavioral Economics; Underlying Principles
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-30 (All new papers)
- NEP-CBE-2011-05-30 (Cognitive & Behavioural Economics)
- NEP-EVO-2011-05-30 (Evolutionary Economics)
- NEP-HPE-2011-05-30 (History & Philosophy of Economics)
- NEP-NEU-2011-05-30 (Neuroeconomics)
- NEP-POL-2011-05-30 (Positive Political Economics)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Behavioural blackboards
by Eric Crampton in Offsetting Behaviour on 2012-02-27 18:00:00
- Paternalism - for children, and for the lower orders
by Eric Crampton in Offsetting Behaviour on 2012-06-05 00:00:00
- Behavioural politics
by jamesz in TVHE on 2012-07-30 00:36:02
- Eric Crampton & Matt Burgess & Brad Taylor, 2011. "The Cost of Cost Studies," Working Papers in Economics 11/29, University of Canterbury, Department of Economics and Finance.
- Shastitko, A., 2011. "Errors of I and II Types in Economic Exchanges with Third Party Enforcement," Journal of the New Economic Association, New Economic Association, issue 10, pages 125-148.
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