Shadow pricing rules for partially traded goods
Open Access
- 1 September 1996
- journal article
- shadow pricing
- Published by Taylor & Francis in Project Appraisal
- Vol. 11 (3) , 169-182
- https://doi.org/10.1080/02688867.1996.9727538
Abstract
This paper shows how to shadow price partially traded goods following the standard rules of cost-benefit analysis, that is, by identifying the individuals affected, measuring their corresponding compensating variations, and aggregating those measures according to a distributional value judgment. The analysis is conducted in a partial equilibrium framework, allowing for direct operational application.Keywords
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