Döring, T.Public finance and behavioral economics: The psychology of budget-related government activites

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Döring, T. 

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Springer Gabler Verlag, Wiesbaden

This book deals with the question of how the relatively new approach of behavioral economics can contribute to further understanding and knowledge about public finance. Therefore three self-contained topics are presented, which include an overview of behavioral scientific results regarding public finance as well as expenditures and the contribution of behavioral economics to justify and design state-led market interventions. Subsequently, fundamental insights from the field of psychology on finance, taxes and public expenditures as well as the psychological-behavioral contemplation of state interventions in the market are put forward. Based in this, the resulting behavioral economic adjustments of common understandings in public finance are explained and fiscal instruments derived.

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