Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
The use of behavioral economics in promoting public policy
Bucharest University of Economic Studies, Romania
Abstract. Behavioral economics is a recently developed area of science which brings together information from the fields of economics, sociology and psychology. The knowledge which has resulted from this approach allowed decision makers to make improvements upon the way in which public policy is promoted by the government, by taking into consideration the natural preferences of individuals for certain types of behaviors. This paper will first present a comprehensive literature review of the results, which have been obtained in the study of nudges. However, in an effort to best show the practical value of a public policy, that includes nudges, the main focus of the paper will be the Behavioral Insight Unit. Also known as the Nudge Unit, this organization has collaborated with different branches of the British government and has helped them implement policies ranging from reducing medical prescription errors to improving commitment to job centers or even improving tax collections.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania