Details
| Original language | English |
|---|---|
| Pages (from-to) | 1-31 |
| Number of pages | 31 |
| Journal | International Review of Environmental and Resource Economics |
| Volume | 15 |
| Issue number | 1-2 |
| Publication status | Published - 28 Jul 2021 |
| Externally published | Yes |
Abstract
This paper discusses how policy interventions not only alter the legal and financial frameworks in which an individual is operating, but can also lead to changes in relevant beliefs. We argue that such belief changes in how an individual perceives herself, relevant others, the regulator and/or the activity in question can lead to behavioral changes that were neither intended nor expected when the policy was designed. In the environmental economics literature, these secondary impacts of conventional policy interventions have not been systematically reviewed. Hence, we intend to raise awareness of these effects. In this paper, we review relevant research from behavioral economics and psychology, and identify and discuss the domains for which beliefs can change. Lastly, we discuss design options with which an undesired change in beliefs can be avoided when a new policy is put into practice.
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Accounting
- Economics, Econometrics and Finance(all)
- Finance
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
- Environmental Science(all)
- Management, Monitoring, Policy and Law
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In: International Review of Environmental and Resource Economics, Vol. 15, No. 1-2, 28.07.2021, p. 1-31.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Policies as information carriers
T2 - How environmental policies may change beliefs and consequent behavior
AU - Koessler, Ann Kathrin
AU - Engel, Stefanie
N1 - Funding Information: ∗We gratefully acknowledge funding for this research by the Alexander von Humboldt-Foundation in the framework of the Alexander von Humboldt-Professorship endowed by the German Federal Ministry of Education and Research. We also thank Elisabeth Gsottbauer, Nicolai Heinz, Susana Mourato, Bent Arne Saether, Caroline van Bers, Tobias Vorlaufer and two anonymous reviewers for their valuable feedback on earlier versions of this paper.
PY - 2021/7/28
Y1 - 2021/7/28
N2 - This paper discusses how policy interventions not only alter the legal and financial frameworks in which an individual is operating, but can also lead to changes in relevant beliefs. We argue that such belief changes in how an individual perceives herself, relevant others, the regulator and/or the activity in question can lead to behavioral changes that were neither intended nor expected when the policy was designed. In the environmental economics literature, these secondary impacts of conventional policy interventions have not been systematically reviewed. Hence, we intend to raise awareness of these effects. In this paper, we review relevant research from behavioral economics and psychology, and identify and discuss the domains for which beliefs can change. Lastly, we discuss design options with which an undesired change in beliefs can be avoided when a new policy is put into practice.
AB - This paper discusses how policy interventions not only alter the legal and financial frameworks in which an individual is operating, but can also lead to changes in relevant beliefs. We argue that such belief changes in how an individual perceives herself, relevant others, the regulator and/or the activity in question can lead to behavioral changes that were neither intended nor expected when the policy was designed. In the environmental economics literature, these secondary impacts of conventional policy interventions have not been systematically reviewed. Hence, we intend to raise awareness of these effects. In this paper, we review relevant research from behavioral economics and psychology, and identify and discuss the domains for which beliefs can change. Lastly, we discuss design options with which an undesired change in beliefs can be avoided when a new policy is put into practice.
UR - http://www.scopus.com/inward/record.url?scp=85111722850&partnerID=8YFLogxK
U2 - 10.1561/101.00000123
DO - 10.1561/101.00000123
M3 - Article
AN - SCOPUS:85111722850
VL - 15
SP - 1
EP - 31
JO - International Review of Environmental and Resource Economics
JF - International Review of Environmental and Resource Economics
SN - 1932-1465
IS - 1-2
ER -