Semi-normative theories based on bounded reality

Article Abstract:

Descriptive economic theories were classified by qualitative properties which fulfill assumptions of bounded rationality. The consistency of expectations and type of effect of the payoff- or goal-variable has on strategic variables determine the degree of rationality. It was postulated that the building blocks for a theory of bounded rationality must be based on repeated experiments and not just one-shot experiments.

Research, Equilibrium (Economics)

---

Public Acceptance of Consumer Energy Conservation Strategies

Article Abstract:

Alternative strategies for promoting energy conservation are compared. The programs examined are: financial incentives, community programs, efficiency standards, land- use changes, consumption limits, and price increases. Financial incentives bring the highest public acceptance. A program of combined strategies is advocated.

Comparative analysis, Planning

---

Similar abstracts:

• Abstracts: The Meaning of Normative Processes for Energy Conservation. Evaluating Acceptability and Effectiveness of Consumer Energy Conservation Programs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.