This file is not currently in any collections.
(Mis)Applications of Behavioral Economics to Regulation: The Importance of Public Choice Architecture Open Access
In this paper, I evaluate the recent promotion of libertarian paternalism as a viable means of coordinating market activities. In doing so, I challenge the notion that “anti-antipaternalism” logically follows from the findings in behavioral economics. For behavioral economic policy to be effective, advocates must show how policy will be rendered effectively through public institutions. I argue that the central dilemma of the field of behavioral law and economics is that it lacks analysis of the public choice architecture within which the improvement of private choice architecture would take place. Without an accompanying theory of the public institutions by which behavioral economic policy will be implemented, the promotion of these types of policy prescriptions is premature.
Smith, Adam C.
- GW Unit
- Regulatory Studies Center
- Date Created
- Type of Work
- Attribution 3.0 United States
- Related URL
- Previous Publication Information
- Permanent Link
- Sandra Delaney
- Date Uploaded
- Date Modified
- Audit Status
- Audits have not yet been run on this file.
File format: pdf (Portable Document Format)
Mime type: application/pdf
File size: 249849
Last modified: 2017:12:14 11:34:03-05:00
Original checksum: 5bce4831f2b13a93f4f123ff4fcf11bf
Well formed: true
File author: Adam Smith
Page count: 16
File language: en-US