Shadow Pricing Rules for Partially Traded Goods

Elio Londero ()

Public Economics from EconWPA

Abstract: This paper shows how to shadow price partially traded goods following the standard rules of cost-benefit analysis, i.e. identifying the individuals affected, measuring their corresponding compensating variations, and aggregating those measures according to a distributional value judgement. The analysis is conducted in a partial equilibrium framework, allowing for direct operational application.

Keywords: accounting prices, shadow prices, shadow pricing, partially traded, traded goods, cost-benefit analysis; project appraisal (search for similar items in EconPapers)
JEL-codes: D6 D7 H (search for similar items in EconPapers)
Date: 2005-08-17
Note: Type of Document - pdf; pages: 36
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwppe:0508008

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