Read Policy and Choice: Public Finance Through the Lens of Behavioral Economics by William J. Congdon Free Online


Ebook Policy and Choice: Public Finance Through the Lens of Behavioral Economics by William J. Congdon read! Book Title: Policy and Choice: Public Finance Through the Lens of Behavioral Economics
The author of the book: William J. Congdon
ISBN 13: 9780815705017
Language: English
Format files: PDF
The size of the: 34.13 MB
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Reader ratings: 7.6
Edition: Brookings Institution Press
Date of issue: April 1st 2011
ISBN: 0815705018

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Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In "Policy and Choice" economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral economics but also can serve as a solid foundation from which to apply insights from psychology to questions of economic policy.

The authors revisit the core questions of public finance, armed with a richer perspective on human behavior. They do not merely apply findings from psychology to specific economic problems; instead, they explore how psychological factors actually reshape core concepts in public finance such as moral hazard, deadweight loss, and incentives.

Part one sets the stage for integrating behavioral economics into public finance by interpreting the evidence from psychology and developing a framework for applying it to questions in public finance. In part two, the authors apply that framework to specific topics in public finance, including social insurance, externalities and public goods, income support and redistribution, and taxation.

In doing so, the authors build a unified analytical approach that encompasses both traditional policy levers, such as taxes and subsidies, and more psychologically informed instruments. The net result of this innovative approach is a fully behavioral public finance, an integration of psychology and the economics of the public sector that is explicit, systematic, rigorous, and realistic.


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Download EBOOK Policy and Choice: Public Finance Through the Lens of Behavioral Economics by William J. Congdon Online free

PDF: policy-and-choice-public-finance-through-the-lens-of-behavioral-economics.pdf Policy and Choice: Public Finance Through the Lens of Behavioral Economics PDF
ERUB: policy-and-choice-public-finance-through-the-lens-of-behavioral-economics.epub Policy and Choice: Public Finance Through the Lens of Behavioral Economics ERUB
DOC: policy-and-choice-public-finance-through-the-lens-of-behavioral-economics.doc Policy and Choice: Public Finance Through the Lens of Behavioral Economics DOC
TXT: policy-and-choice-public-finance-through-the-lens-of-behavioral-economics.txt Policy and Choice: Public Finance Through the Lens of Behavioral Economics TXT