International journal of economic perspectives

Green Fiscal Policies and Their Role in Economic Recovery Abstract: Amid growing climate concerns, this study evaluates the effectiveness of green fiscal policies—such as carbon taxes and renewable energy subsidies—in stimulating post-pandemic economic re

2025-07-01T06:14:45+00:00

Amid growing climate concerns, this study evaluates the effectiveness of green fiscal policies—such as carbon taxes and renewable energy subsidies—in stimulating post-pandemic economic recovery. Using econometric models and case studies from the EU and India, the paper assesses how environmentally focused spending can drive job creation, innovation, and long-term GDP growth while reducing carbon footprints.

Behavioral Economics and Financial Decision-Making in Low-Income Households

2025-07-01T06:16:42+00:00

This research explores how cognitive biases and heuristics influence financial decisions among low-income households. By examining patterns in savings, borrowing, and consumption, the study highlights the role of nudges and financial literacy programs in improving economic outcomes. The findings suggest that behavioral interventions can significantly enhance financial resilience in vulnerable populations

Revisiting the Endowment Effect: A Behavioural Economics Perspective

2025-07-01T06:18:21+00:00

This study investigates the presence of the endowment effect, quasi-endowment and status quo bias effect among university students, assessing their implications for the Coase Theorem. Using experimental and hypothetical scenarios administered via online surveys, the study measures asymmetry in willingness-to-accept (WTA) and willingness-to-pay (WTP), resistance to change in pre-assigned choices, and the psychological influence of temporary ownership. Results confirm a significant endowment effect: WTA consistently exceeded WTP for consumer goods like books and concert tickets, particularly among older male participants. Status quo bias was observed in exchange scenarios and budgeting choices, with 84.3% of participants preferring to retain initially assigned goods and many opting to maintain existing spending patterns despite environmental changes. The quasi-endowment effect showed mixed results; extended trials increased WTP for subscription services, while minimal exposure had negligible influence. These findings highlight systematic deviations from classical economic assumptions of rationality and fungibility. The influence of ownership, loss aversion, and reference dependence underscores the need for incorporating behavioral insights into economic models and public policy, particularly in contexts involving consumer valuation, compensation schemes, and market design.