Optimisation du système productif et calcul de prix fictifs

Dominique Lacaze

Annals of Economics and Statistics, 1990, issue 17, 71-95

Abstract: In this paper, we define, for an open economy, optimization models which allow the numerical determination of an equilibrium shadow price system. Our modelization, albeit minimal, is efficient due to certain specific features: first, separating between old and new capital each with a specific remuneration mechanism; second, fixing exogeneously the wage rate by variation of employment; third, using data extracted from econometric models. The derived shadow prices are within reasonnable margins with some exceptions. By comparison to an econometric determination, price differentials result here essentially from profit setting mechanisms, especially in sectors where prices are controlled.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1990:i:17:p:71-95

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