In welfare economics, “preferences” denote which alternative goods or services someone would choose, based on the relative “utility” provided by each (more on utility another time). For example, when presented with a box of chocolates, my first choice is always a praline (P). But if only marzipan fruits (M) and brazil nut caramels (B) were… Continue reading Preferences and constraints – when does container-based sanitation address the binding constraint to uptake?
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