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Behavioral public choice: A survey

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  • Schnellenbach, Jan
  • Schubert, Christian
Abstract
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional welfare economics, between the motivational assumptions of market participants and policymakers: Those who played the game of politics should also be considered rational and self-interested. History repeats itself with the rise of behavioral economics: Cognitive biases discovered in market participants often induce a call for rational governments to intervene. Recently, however, behavioral economics has also been applied to the explanatory analysis of the political process. This paper surveys the current state of the emerging field of 'behavioral public choice' and considers the scope for further research.

Suggested Citation

  • Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..
    • Handle: RePEc:zbw:aluord:1403
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    Cited by:

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    3. Benno Torgler, 2021. "The Power of Public Choice in Law and Economics," CREMA Working Paper Series 2021-04, Center for Research in Economics, Management and the Arts (CREMA).
    4. Susan E. Dudley & Zhoudan Xie, 2022. "Nudging the nudger: Toward a choice architecture for regulators," Regulation & Governance, John Wiley & Sons, vol. 16(1), pages 261-273, January.

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    More about this item

    Keywords

    Behavioral Public Choice; Behavioral Economics; Rational Irrationality; Cognitive Biases; Social Norms; Voting; Paternalism;
    All these keywords.

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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