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The Economics Of Shadow Pricing: Market Distortions And Public Investment

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  • Warr, Peter G.

Abstract

This paper explores the background to an important issue in applied welfare economics -- how the commodities used and produced by public projects should be valued in choosing among alternative modes of production.

Suggested Citation

  • Warr, Peter G., 1974. "The Economics Of Shadow Pricing: Market Distortions And Public Investment," Staff Papers 14116, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14116
    DOI: 10.22004/ag.econ.14116
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    File URL: https://ageconsearch.umn.edu/record/14116/files/20916.pdf
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    References listed on IDEAS

    as
    1. Hollis B. Chenery, 1965. "Comparative Advantage and Development Policy," Palgrave Macmillan Books,, Palgrave Macmillan.
    2. Edmar Bacha & Lance Taylor, 1971. "Foreign Exchange Shadow Prices: A Critical Review of Current Theories," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 197-224.
    3. repec:bla:econom:v:40:y:1973:i:160:p:410-15 is not listed on IDEAS
    4. Hurwicz, Leonid, 1973. "The Design of Mechanisms for Resource Allocation," American Economic Review, American Economic Association, vol. 63(2), pages 1-30, May.
    5. Dasgupta, Partha S & Stiglitz, Joseph E, 1974. "Benefit-Cost Analysis and Trade Policies," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 1-33, Jan.-Feb..
    6. Sen, Amartya K, 1972. "Control Areas and Accounting Prices: An Approach to Economic Evaluation," Economic Journal, Royal Economic Society, vol. 82(325), pages 486-501, Supplemen.
    7. Tinbergen, Jan, 1995. "The Duration of Development," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 333-339, September.
    Full references (including those not matched with items on IDEAS)

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