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Behavioral Economics for Cost-Benefit Analysis: Benefit Validity When Sovereign Consumers Seem to Make Mistakes
David L. Weimer
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Description for Behavioral Economics for Cost-Benefit Analysis: Benefit Validity When Sovereign Consumers Seem to Make Mistakes
paperback. How should policy analysts assess 'benefit validity' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Num Pages: 175 pages, 9 b/w illus. 4 tables. BIC Classification: KFFD. Category: (U) Tertiary Education (US: College). Dimension: 228 x 152. .
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. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected ... Read more
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. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected ... Read more
Product Details
Publisher
Cambridge University Press
Format
Paperback
Publication date
2017
Condition
New
Number of Pages
178
Place of Publication
Cambridge, United Kingdom
ISBN
9781316647660
SKU
V9781316647660
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-34
About David L. Weimer
David L. Weimer is the Edwin E. Witte Professor of Political Economy at the University of Wisconsin, Madison. He is the author of numerous articles and monographs on health policy and policy craft, as well as the co-author of two texts that have made important contributions to public policy education: Policy Analysis: Concepts and Practice, 6th edition (forthcoming) and Cost-Benefit ... Read more
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