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Behavioural normative economics: foundations, approaches and trends [PDF]

Fiscal Studies, 2023
AbstractThis article summarises the theoretical foundations, main approaches and current trends in the field of behavioural normative economics. It identifies bounded rationality and bounded willpower as the two core concepts that have motivated the field. Since the concepts allow for individual preferences to be context‐dependent and time‐inconsistent,
Malte Dold
semanticscholar   +3 more sources

Empirical and Normative Economics: A Game Theoretic Approach

Theoretical Economics Letters, 2020
An important problem in public finance is the interaction of public finance with private finance—particularly when private financial markets crash, then bank runs occur, and a central bank needs to bail out the banks to prevent an economic depression.
Frederick Betz
semanticscholar   +4 more sources

Normative Approach to Law and Economics in Developing Countries: Challenges in Establishing Efficient and Just Market Regulations

Journal of Law and Economics
Market regulation in developing economies confronts a fundamental dilemma: how to achieve allocative efficiency without sacrificing distributive justice. Drawing on normative–empirical analysis of legal materials, policy frameworks, and comparative data from Indonesia, India, and Brazil, the research exposes persistent friction between growth ...
Intan Meitasari, Suratno Suratno, Yuniwati Yuniwati   +2 more
openalex   +3 more sources

Behavioral Cost-Benefit Economics: Toward a New Normative Approach to Policy [PDF]

, 2002
This paper addresses the question of whether the findings of behavioral economics imply that techniques used in cost-benefit analysis should be modified. The findings of behavioral economics considered include the status-quo effect, loss-aversion, overconfidence and hyperbolic discounting.
Nathan Berg
openalex   +1 more source

A ‘More Economic Approach’ to WTO Law’s Relevant Market Definition, Trade Harm, and Quantification of Trade Effects and Countermeasures : A Normative Law and Economics Comparison with EU Competition Law

, 2016
Having recently registered the 500th dispute at its docket, the WTO dispute settlement system is as prolific and relevant as ever. By almost any measure, it is a great success; it has contributed to bolstering the WTO’s legitimacy, increased the judicialisation of WTO Members’ trade relations, and promoted the scientification of public international ...
Marios C. Iacovides
openalex   +2 more sources

Comparative analysis of Neoclassical and Behavioral Economics in their policy approach toward poverty alleviation [PDF]

پژوهش‌های برنامه و توسعه, 2021
Poverty has always been considered one of the most important concerns of human societies and due to high importance of the issue, different approaches are chosen to deal with it.
Mahmoud Motevasseli, Mahmoud Amiri, Reza Akhshik   +2 more
doaj   +1 more source

Why accounting science should be more normative? [PDF]

Zeszyty Teoretyczne Rachunkowości, 2016
Faced with the economic problems vexing the world in recent years, we have witnessed an increased number of voices pointing to the need to redirect economics towards values.
Przemysław Kabalski
doaj   +3 more sources

A neglected topos in behavioural normative economics: the opportunity and process aspect of freedom

Behavioural Public Policy, 2023
Robert Sugden has advanced various critiques of behavioural welfare economics, offering the notion of opportunity as an alternative. We agree with much of Sugden's critique but argue that his approach would benefit from a broadening of the informational ...
M. Dold, P. Lewis
semanticscholar   +1 more source

Normative Frames of Behavioural Economics and Forms of "Behavioural" Policy [PDF]

Управленец, 2018
The paper investigates a topical scientificpractical problem of behavioural economics and its normative frames. Analytical review of economists’ theoretical approaches to the issue of forming a new normative model of economic policy allows the author to ...
Ponomaryova S.I.
doaj   +1 more source

Normative and Positive Economics in the Perspective of the Assumption of Chaoticity of Economic Phenomena

Ekonomista, 2022
The article considers the problem of the division of economics into positive and normative, as well as its reinterpretation due to the assumptions of the theory of deterministic chaos for economic phenomena and the functioning of the market. The research
Michał Mrowiec
doaj   +1 more source