Two Cheers and a Qualm for Behavioral Environmental Economics |
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Authors: | Jason F Shogren Gregory M Parkhurst Prasenjit Banerjee |
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Institution: | 1.Department of Economics and Finance,University of Wyoming,Laramie,USA;2.Department of Economics,Weber State University,Ogden,USA;3.Western Governors University,Salt Lake City,USA |
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Abstract: | Behavioral economics can gain more in-roads into environmental economics if we better understand why exchange institutions
fail, more effectively reduce health risks and environmental conflicts, encourage more coordination and cooperation, design
better incentive systems, more accurately estimate economic measures of value, and promote more protection at less cost. Behavioral
economics deserves two cheers for advancing ideas of context-dependence and social preferences, which we illustrate with two
examples of recent research. |
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Keywords: | |
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