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Two Cheers and a Qualm for Behavioral Environmental Economics
Authors:Jason F Shogren  Gregory M Parkhurst  Prasenjit Banerjee
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
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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