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Shadow Pricing Rules for Partially Traded Goods

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Author Info
Elio Londero (Inter-American Development Bank)

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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.

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File URL: http://129.3.20.41/eps/pe/papers/0508/0508008.pdf
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Publisher Info
Paper provided by EconWPA in its series Public Economics with number 0508008.

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Length: 36 pages
Date of creation: 17 Aug 2005
Date of revision:
Handle: RePEc:wpa:wuwppe:0508008

Note: Type of Document - pdf; pages: 36
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Web page: http://129.3.20.41

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Related research
Keywords: accounting prices; shadow prices; shadow pricing; partially traded; traded goods; cost-benefit analysis; project appraisal;

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Find related papers by JEL classification:
D6 - Microeconomics - - Welfare Economics
D7 - Microeconomics - - Analysis of Collective Decision-Making
H - Public Economics

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Squire, Lyn, 1989. "Project evaluation in theory and practice," Handbook of Development Economics, in: Hollis Chenery† & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 21, pages 1093-1137 Elsevier. [Downloadable!] (restricted)
  2. Dreze, Jean & Stern, Nicholas, 1987. "The theory of cost-benefit analysis," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 14, pages 909-989 Elsevier. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Elio Londero, 2001. "By-Products," Economic Systems Research, Taylor and Francis Journals, vol. 13(1), pages 35-45, March. [Downloadable!] (restricted)
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This page was last updated on 2009-11-14.

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