Journal of Benefit-Cost Analysis 7(1), April 2016, 12-68

This paper discusses the ways in which behavioral economics challenges the premises of conventional welfare economics. It proposes revised premises that survive those challenges and sets forth a welfare framework derived from that foundation. It argues that the proposed framework is practical, in the sense that it lends itself to applications, as well as unifying, in the sense that it subsumes other approaches and illuminates the relationships between them.

Research Fields : 
Behavioral Economics
Behavioral Welfare Economics
Psychology of Choice