WAEA Keynote Address Behavioral Environmental Economics: Money Pumps & Nudges

Jason Shogren

Journal of Agricultural and Resource Economics, 2012, vol. 37, issue 3, 12

Abstract: Herein we explore how money pumps from rational choice theory and nudges from behavioral economics work toward helping create better environmental policy. We examine the role of money pumps in environmental policy, and whether policymakers can use nudges to "supercharge" incentives. We summarize insight that has emerged from both camps in the areas of conflict/cooperation and mechanism design.

Keywords: Environmental Economics and Policy; Financial Economics (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:142349

DOI: 10.22004/ag.econ.142349

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