Samuelson doesn't deal with the situation Anand raises at all but rather
with the question of how you can deduce a utility function from revealed
preferences. The issue Anand raises is discussed in the contingent
valuation literature - see, for example, the symposium in the 1994
Journal of Economic Perspectives. This issue has come up a lot recently
in the context of using surveys to measure the value of environmental
goods.
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
Email: [EMAIL PROTECTED]
