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Biological welfare economics: a natural science critique of normative economics
Welfare economics analyzes societal well-being based on individual levels of self-evaluated happiness or “utility.” All human emotions, including...
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Behavioral welfare economics and risk preferences: a Bayesian approach
We propose the use of Bayesian estimation of risk preferences of individuals for applications of behavioral welfare economics to evaluate observed...
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A capabilitarian behavioral economics: what behavioral economics can learn from the capability approach
Behavioral economics (BE) accounts for how people actually behave has proven to be very influential in multiple domains. Its insights have dislodged...
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Behavioral economics and the problem of altruism
A variety of economists welcome the positive findings and explanations of behavioral economics as an alternative to the standard methodology employed...
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Menger’s exact laws, the role of knowledge, and welfare economics
Menger’s distinction between “true” and “imaginary” goods and his attempt to relate the account of goods back to human needs invites a discussion of...
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Am I a good puppet? A review essay of Esca** Paternalism: Rationality, Behavioral Economics, and Public Policy
What would it truly mean to treat individuals “as real people” when designing public policies? This paper addresses this question by critically...
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Behavioral Economics
Since the end of the 1970s, a wide range of psychological, economic, and sociological laboratory and field experiments proved human beings deviating...
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The behavioral economics of dynamically inconsistent behavior: a critical assessment
Preferences often change—even in short time intervals—due to either the mere passage of time (present-biased preferences) or changes in visceral or...
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Ordinaries 14: Biological economics
The Ordinaries column began in 2019 to promote a Neo-Darwinian synthesis of neoclassical and behavioral economics. In this, the last Ordinaries...
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Welfare (Well-Faring) Economics, Criteria for What Is Right and Wrong: My Take
Welfare economics is an ethic: a criterion for determining whether a behavior is right (morally) or wrong. It is a rare type of welfare...
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Behavioral Economics and Macroeconomics: Relationship Identification by Case of Economy Crisis in 2008
Research in behavioral economics is finding increasing application in the field of microeconomics, which examines how people behave and what they...
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Behavioral Economics
In this chapter you will learn …...
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A Behavioral Economics Perspective on the Entrepreneurial State and Mission-Oriented Innovation Policy
It is argued that the concepts of mission-oriented innovation policy and also of the entrepreneurial state will lead to the implementation of...
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Human Behavior and Austrian Economics
Behavioral economics and Austrian economics feature considerable conceptual differences, making their relationship complex and multifaceted. As both...
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Animals and social welfare
I propose a framework to evaluate the social gains from policies regarding animals. The model considers both the welfare of animals and humans. The...
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Pioneering Feminist Economics: Barbara Bergmann’s Contributions to Gender Issues
Barbara Bergmann’s exploration of gender issues, especially the intra-house division of labor and marriage theory, was a central focus in early...
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John Tomer, X-Efficiency Theory, and Behavioral Economics
Much of Tomer’s publications and research was related to the theory of the firm and its empirical foundations and very much influenced by the...
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Welfare economics of managing an epidemic: an exposition
This paper reviews recent findings on the normative analysis of private and governmental countermeasures against infectious diseases, focusing on...
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A Welfare Economics Analysis on the Vulnerability to Climate Change
Climate change is the most complicated and long-term global environmental problem with the highest externality. Hence, the research on climate change...
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Economics of Healthcare Provider Altruism
This chapter provides a comprehensive overview of the main theoretical notions and empirical findings on altruism among physicians and other...