consumers' actual utility, and the counterfactual utility they expect to obtain if they were able to set policy themselves … rational and/or informed, counterfactual utility becomes endogenous to current policy, and the welfare loss associated with …

consumers' actual utility, and the "counterfactual" utility they expect to obtain if they were able to set policy themselves … rational and/or informed, counterfactual utility becomes endogenous to current policy, and the welfare loss associated with …

consumers’ actual utility, and the “counterfactual” utility they expect to obtain if they were able to set policy themselves … rational and/or informed, counterfactual utility becomes endogenous to current policy, and the welfare loss associated with …