Re: contingent valuation and undercounting the cost of the surge
On Apr 14, 2007, at 12:54 PM, Robert Naiman wrote:
I’m all for using that number against them, but I want to use other numbers against them as well…that would surely be an undercount of the true cost, unless we believe that soldiers would voluntarily redeploy for an additional 3 months, and no coercive extension would be necessary, were they paid the difference between their military pay and their outside opportunity. Which seems rather unlikely.
It’s a starting point. I’d love to know the answer to the “how much
would you pay to get out of here?” question - which of course assumes
no borrowing constraint.
Doug