The Revealed Preference Approach for Learning Microeconomics
Environmental and Urban Economics
JANUARY 30, 2021
Applied economists are "detectives". We know that we do not know your preferences. If we could learn about your willingness to pay for market goods such as cell phones or for non-market goods such as clean air and safe streets, then both businesses and governments will demand our services. Economists look for clues and design experiments to learn about people.
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