| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10438291 | Journal of Economic Psychology | 2012 | 12 Pages |
Abstract
Economic engineering is the science of designing real-world institutions and mechanisms that align individual incentives and behavior with the underlying goals. This paper discusses why behavioral economic engineering is a promising research field, how behavioral phenomena may affect economic engineering, and the role of theory and laboratory experiments for behavioral economic engineering in practice. We provide examples, many from our own work.
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Authors
Gary E. Bolton, Axel Ockenfels,