Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195522
Authors: 
Koessler, Ann-Kathrin
Engel, Stefanie
Year of Publication: 
2019
Abstract: 
This paper discusses how policy interventions not only alter the legal and financial framework 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.
Subjects: 
environmental policies
behavioral economics
beliefs
policy intervention
JEL: 
D01
D80
D90
H23
Q58
Document Type: 
Working Paper

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