SHADOW PRICING AND CHOICE OF TECHNIQUE: AN APPLICATION TO INDONESIAN RICE MILLING

Peter Warr

No 13452, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: This paper attempts to explore the implications of shadow pricing for the evaluation of four investment alternatives recently faced by the government of Indonesia. The shadow pricing procedure adopted involves a welfare accounting exercise which attempts to estimate the social benefits and costs of public production or use of commodities in the presence of market distortions.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 31
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13452

DOI: 10.22004/ag.econ.13452

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