Shadow Pricing Rules for Partially Traded Goods

Elio Londero ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper shows how to shadow price partially traded goods following the standard rules of cost-benefit Analysis, that is, 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: shadow price; accounting price; partially traded goods; cost-benefit analysis (search for similar items in EconPapers)
JEL-codes: D61 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (4)

Published in Project Appraisal 3.11(1996): pp. 169-182

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