Irene M. Gordon
Abstract
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n s .One i s "What w i l l you pay t o use x?" and t h e o t h e r i s , "What compensation would you r e q u i r e t o forego X?" The answers t o t h e s e two q u
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n s .One i s "What w i l l you pay t o use x?" and t h e o t h e r i s , "What compensation would you r e q u i r e t o forego X?" The answers t o t h e s e two q u
Key concepts: Economic surplus, Economics, Market economy, Welfare