Question 4 With examples, explain how economists (and others) can put a value on something for which there is no existin
Posted: Thu May 19, 2022 9:58 am
Question 4
With examples, explain how economists (and others) can put a
value on something for which there is no existing market. In your
answer include a critical assessment of the advantages and
disadvantages of the methods of non-market valuation you discuss,
and explain the relevance of Hicksian welfare measures in this
context.
With examples, explain how economists (and others) can put a
value on something for which there is no existing market. In your
answer include a critical assessment of the advantages and
disadvantages of the methods of non-market valuation you discuss,
and explain the relevance of Hicksian welfare measures in this
context.