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WAEA Keynote Address Behavioral Environmental Economics: Money Pumps & Nudges

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  • Shogren, Jason F.

Abstract

Herein we explore how money pumps from rational choice theory and nudges from behavioral economics work toward helping create better environmental policy. We examine the role of money pumps in environmental policy, and whether policymakers can use nudges to "supercharge" incentives. We summarize insight that has emerged from both camps in the areas of conflict/cooperation and mechanism design.

Suggested Citation

  • Shogren, Jason F., 2012. "WAEA Keynote Address Behavioral Environmental Economics: Money Pumps & Nudges," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(3), pages 1-12.
    • Handle: RePEc:ags:jlaare:142349
    DOI: 10.22004/ag.econ.142349
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    References listed on IDEAS

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    Cited by:

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    2. Ropret Homar, Aja & Knežević Cvelbar, Ljubica, 2021. "The effects of framing on environmental decisions: A systematic literature review," Ecological Economics, Elsevier, vol. 183(C).
    3. Michalek, Gabriela & Meran, Georg & Schwarze, Reimund & Yildiz, Özgür, 2016. "Nudging as a new "soft" policy tool: An assessment of the definitional scope of nudges, practical implementation possibilities and their effectiveness," Economics Discussion Papers 2016-18, Kiel Institute for the World Economy (IfW Kiel).
    4. Alt, Marius, 2024. "Better us later than me now —," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 108(C).
    5. Nicolas Jacquemet & Alexander James & Stéphane Luchini & Jason F. Shogren, 2017. "Referenda Under Oath," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(3), pages 479-504, July.
    6. Alt, Marius, 2021. "Committing to behave pro-environmentally: An assessment of time and regulatee-size effects on the demand for environmental regulation," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242419, Verein für Socialpolitik / German Economic Association.
    7. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    8. Schubert, Christian, 2017. "Green nudges: Do they work? Are they ethical?," Ecological Economics, Elsevier, vol. 132(C), pages 329-342.
    9. Chakravarty, Sujoy & Mishra, Rajan, 2019. "Using social norms to reduce paper waste: Results from a field experiment in the Indian Information Technology sector," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.

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