Indifference maps from two-attribute utility functions can provide demand curves to value the benefits of the attributes or goods. The Ramsey model is one method to estimate the functions, and an alternative related method is presented in this paper. A ...

Well-being depends on produced goods, natural amenities, and preferences. Each can be influenced through policies and education. Production of goods exhibits a hierarchical structure similar to ecosystems: subsystems adapt while sustaining system productivity, that is, higher levels have greater...