Re: Preference revelation

[Ananda Gupta]

That is indeed what I am getting at, although the public-policy implication has to do with what happens when some good is deliberately left unpriced (explicitly) as a matter of government policy, and then what happens to people's preferences for that good as distinct from what they say their preferences are.

-ASG
At 02:30 PM 1/24/01 -0600, you wrote:

I think Anand raises a more interesting question than is addressed
in the responses so far. I bet it's been addressed in some literature,
but I think the interesting question implied by Anand's post
is "how similar are preferences made in absence of prices to prefences
developed with full knowledge of prices?"

I can't remember whether Samuelson deals with this...

-fabio