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Behavioral Incentive Compatibility and Empirically Informed Welfare Analysis: An Introductory Guide

Year: 2024

Type: article

Abstract: A growing body of research conducts welfare analysis that assumes behavioral incentive compatibility—that is, that behavior is governed by pursuit of incentives conditional on modeled imperfections in decision-making. In this article, I present several successful examples of studies that apply this approach and I use them to illustrate guidance for pursuing this type of analysis.

Source: The Journal of Economic Perspectives

DOI: 10.1257/jep.38.4.155

Author: Alex Rees-Jones

Institutions: National Bureau of Economic Research, University of Pennsylvania

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4404110564

FWCI: 0.385

Cites: 6

Cited by: 1

Related to: 10