This paper presents a theoretical framework for analysing regulatees' responses to behavioural expectations set for them in public regulation. It identifies the main variables and mechanisms through which regulatory policy may influence individual choices. The article builds on Siegwart...

Bruno S. Frey illustrates what he perceives to be the inspirational quality of economics and how this differs from the type of economics studied in many academic institutions. He introduces insights into economics from a psychological perspective, dealing with issues such as transformation of...