"^IMO this whole discussion is in fact extremely deep and complicated and involves 🚨index number theory🚨, so basically I recommend running away screaming"
i find the Hicks solution (estimate the demand curve, the price of a not yet existent good equals the price at which demand is zero) pretty satisfying. is it much deeper than that? am i missing something?
"^IMO this whole discussion is in fact extremely deep and complicated and involves 🚨index number theory🚨, so basically I recommend running away screaming"
i find the Hicks solution (estimate the demand curve, the price of a not yet existent good equals the price at which demand is zero) pretty satisfying. is it much deeper than that? am i missing something?