Behavioural political economy uses behavioural concepts in explaining decisions of politicians, candidates for political office, voters, lobbyists, and others in the political and policymaking arena. Decision-makers may be subject to bounded rationality. Utility maximisation may be based on...

Subsidies to fossil energies are largely wasteful as they serve to increase carbon emissions, weaken public budgets and importers’ energy security, and in most cases impact income distribution adversely. Reform of energy subsidy policies is sorely needed in many countries, and is an important...