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Time for behavioral political economy? An analysis of articles in behavioral economics

Author

Listed:
  • Berggren, Niclas

    (The Ratio Institute)

Abstract

This 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.

Suggested Citation

  • Berggren, Niclas, 2011. "Time for behavioral political economy? An analysis of articles in behavioral economics," Ratio Working Papers 166, The Ratio Institute.
    • Handle: RePEc:hhs:ratioi:0166
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    File URL: http://ratio.se/app/uploads/2014/11/nb_behavioral_166.pdf
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Behavioural blackboards
      by Eric Crampton in Offsetting Behaviour on 2012-02-28 00:00:00
    2. Paternalism - for children, and for the lower orders
      by Eric Crampton in Offsetting Behaviour on 2012-06-05 05:00:00
    3. Behavioural politics
      by jamesz in TVHE on 2012-07-30 05:36:02

    Citations

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    Cited by:

    1. Bjørnskov, Christian, 2016. "Economic freedom and economic crises," European Journal of Political Economy, Elsevier, vol. 45(S), pages 11-23.
    2. Anders Gustafsson & Andreas Stephan & Alice Hallman & Nils Karlsson, 2016. "The “sugar rush” from innovation subsidies: a robust political economy perspective," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(4), pages 729-756, November.
    3. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    4. Gregory Wolcott, 2019. "Restricting Choices: Decision Making, the Market Society, and the Forgotten Entrepreneur," Journal of Business Ethics, Springer, vol. 156(2), pages 293-314, May.
    5. Peter J. Boettke & Henry A. Thompson, 2022. "Identity and off-diagonals: how permanent winning coalitions destroy democratic governance," Public Choice, Springer, vol. 191(3), pages 483-499, June.
    6. Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..
    7. Niclas Berggren, 2012. "The Calculus of Consent: some Swedish connections," Public Choice, Springer, vol. 152(3), pages 313-321, September.
    8. Jan Schnellenbach, 2016. "A Constitutional Economics Perspective on Soft Paternalism," Kyklos, Wiley Blackwell, vol. 69(1), pages 135-156, February.
    9. 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.
    10. Stephan Marette & Jayson L. Lusk & F. Bailey Norwood, 2016. "Choosing for others," Applied Economics, Taylor & Francis Journals, vol. 48(22), pages 2093-2111, May.
    11. Erik W Matson, 2024. "The new paternalism does not replace older wisdom," Economic Affairs, Wiley Blackwell, vol. 44(2), pages 386-393, June.
    12. Sturm, Silke, 2019. "Political Competition: How to Measure Party Strategy in Direct Voter Communication using Social Media Data?," Hamburg Discussion Papers in International Economics 1, University of Hamburg, Department of Economics.
    13. Susan E. Dudley & Zhoudan Xie, 2022. "Nudging the nudger: Toward a choice architecture for regulators," Regulation & Governance, John Wiley & Sons, vol. 16(1), pages 261-273, January.
    14. Libman, Alexander, 2012. "Перераспределительные Конфликты И Факторы Культуры В Новой Политической Экономии [Redistributive Conflicts and Culture in the New Political Economy]," MPRA Paper 48192, University Library of Munich, Germany.
    15. Duaa Saeed Al-Manaseer & Ali Mustafa Al-Qudah, 2018. "The Impact of Higher Education Output on Unemployment Rates in Jordan," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 65-72, April.
    16. 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.
    17. Meglena Jeleva & Stéphane Rossignol, 2019. "Optimists, Pessimists, and the Precautionary Principle," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(1), pages 367-396, September.
    18. Jan Schnellenbach & Christian Schubert, 2019. "A note on the behavioral political economy of innovation policy," Journal of Evolutionary Economics, Springer, vol. 29(5), pages 1399-1414, November.
    19. Roberta Muramatsu & Fabio Barbieri, 2017. "Behavioral economics and austrian economics: Lessons for policy and the prospects of nudges," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 1(1), pages 73-78, February.
    20. Michael David Thomas, 2019. "Reapplying behavioral symmetry: public choice and choice architecture," Public Choice, Springer, vol. 180(1), pages 11-25, July.

    More about this item

    Keywords

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    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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