Behavioral Economics for Cost-Benefit Analysis: Benefit Validity When Sovereign Consumers Seem to Make Mistakes

by David L Weimer

Book Overview

How should policy analysts assess 'benefit validity' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis...

• Format: Paperback
• Language: English
• ISBN: 1316647668
• ISBN13: 9781316647660
• Release Date: September 2017
• Publisher: Cambridge University Press
• Length: 178 Pages
• Weight: 0.61 lbs.
• Dimensions: 0.5" x 6.6" x 9.1"