The Behavioural Turn in Consumer Policy: Perspectives and Clarifications

23 Pages Posted: 28 Mar 2015

See all articles by Francesco Bogliacino

Francesco Bogliacino

National University of Colombia - Department of Economics

Cristiano Codagnone

Università degli studi di Milano, Dipartimento di Scienze Sociali e Politiche; Universitat Oberta de Catalunya, Estudis de Ciències de la Informació i de la Comunicació

Giuseppe Alessandro Veltri

University of Trento

Date Written: March 16, 2015

Abstract

In this article, we critically discuss the potential of the new behavioural turn in consumer policy. Although, we welcome this revolution, we also claim that misguided expectations may be dangerous. We focus on methodological and normative aspects, which are not sufficiently discussed in the policy domain, in particular on the lessons that can be learned from randomized control trials and the normative side of the intervention. Some implications for consumer policies are drawn, proposing a new taxonomy of interventions.

Keywords: counterfactualism, behavioural economics, normative criteria.

JEL Classification: C9, D2, D60

Suggested Citation

Bogliacino, Francesco and Codagnone, Cristiano and Veltri, Giuseppe Alessandro, The Behavioural Turn in Consumer Policy: Perspectives and Clarifications (March 16, 2015). Available at SSRN: https://ssrn.com/abstract=2585670 or http://dx.doi.org/10.2139/ssrn.2585670

Francesco Bogliacino (Contact Author)

National University of Colombia - Department of Economics ( email )

Carrera 30 Calle 45 Ciudad Universitaria
Bogotá
Colombia

Cristiano Codagnone

Università degli studi di Milano, Dipartimento di Scienze Sociali e Politiche ( email )

Via Festa del Perdono, 7
Milan, 20122
Italy

Universitat Oberta de Catalunya, Estudis de Ciències de la Informació i de la Comunicació ( email )

Tibidabo Av. 39-43
08035 Barcelona, Barcelona 08035
Spain

Giuseppe Alessandro Veltri

University of Trento ( email )

Via Giuseppe Verdi 26
Trento, Trento 38152
Italy

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