{"product_id":"behavioral-public-economics","title":"Behavioral Public Economics","description":"\u003cp\u003e\u003cem\u003eBehavioral Public Economics\u003c\/em\u003e shows how standard public economics can be improved using insights from behavioral economics. Public economics typically lists four market failures that may justify government intervention in markets—imperfect competition (or natural monopoly), externalities, public goods, and asymmetric information. Under the rational choice paradigm (‘agents choose what is best for them’), public economics has examined the welfare effects of policy. Recent research in behavioral economics highlights a fifth market failure—individuals may make mistakes in pursuing their own well-being. This book calls for a rethinking of assumptions of individual behavior and provides a good foundation for public economic theory. \u003c\/p\u003e\u003cp\u003eKey features:\u003c\/p\u003e\u003col\u003e\n\u003cli\u003eIntroduces behavioral perspectives into public economics.\u003c\/li\u003e\n\u003cli\u003eExplains why economic incentives often undermine social preferences.\u003c\/li\u003e\n\u003cli\u003eReveals that social incentives matter for public policy.\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003eThis book will be an invaluable resource for researchers and postgraduate students in public economics, behavioral economics, and public policy.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54244685447512,"sku":"9780367362416","price":50.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780367362416.jpg?v=1779340557","url":"https:\/\/agendabookshop.com\/products\/behavioral-public-economics","provider":"Agenda Bookshop","version":"1.0","type":"link"}