Nobel Prizewinning economist George Stigler explains how the famous British economist Phillip Wicksteed decided where to live.

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Nobel Prize–winning economist George Stigler explains how the famous British economist Phillip Wicksteed decided where to live. His two loves were fresh farm eggs, which were more easily obtained the farther from London he was, and visits from friends, which decreased the farther he moved away from London. Given these two loves, describe the decision rule that you would have expected Wicksteed to follow.

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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