Always gotta convert $ to utils before analyzing “willingness to pay” from people with even a 20% difference in wealth, income, or ready cash. At least if you want to answer questions about “is this market serving all stakeholders well?” and not just “what is happening?”
is also the flaw in using willingness to pay as the criterion of wanting something.
Always gotta convert $ to utils before analyzing “willingness to pay” from people with even a 20% difference in wealth, income, or ready cash. At least if you want to answer questions about “is this market serving all stakeholders well?” and not just “what is happening?”
Willingness or ability?
Exactly!