Nudges, i.e., low-cost interventions that steer people's behavior without compromising their freedom of choice, are the key contribution of ‘Libertarian Paternalism' (LP) to public policy. They typically work through either harnessing or responding to people's cognitive biases and heuristics...

Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That's what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who played...

In explaining individual behavior in politics, economists should rely on the same motivational assumptions they use to explain behavior in the market: That is what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard...

There is a growing consensus in Ecological Economics that consumer preferences are neither fixed nor given, but rather endogenously determined by socio-economic and institutional factors. Hence, policy may promote "green" preferences directly. Yet any intervention in processes of preference...

Der sogenannte Libertäre Paternalismus, der in den letzten Jahren mit dem Politikinstrument des Nudging hervorgetreten ist, weist in seinen konzeptionellen Grundlagen eine Reihe problematischer Eigenschaften auf. Insbesondere dient der Homo oeconomicus als normatives Rollenmodell, der...