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Shadow Pricing Rules for Partially Traded Goods

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  • Londero, Elio

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.

Suggested Citation

  • Londero, Elio, 1996. "Shadow Pricing Rules for Partially Traded Goods," MPRA Paper 111765, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111765
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    File URL: https://mpra.ub.uni-muenchen.de/111765/1/MPRA_paper_111765.pdf
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    References listed on IDEAS

    as
    1. A. J. Auerbach & M. Feldstein (ed.), 1987. "Handbook of Public Economics," Handbook of Public Economics, Elsevier, edition 1, volume 2, number 2.
    2. 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.
    3. 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.
    4. Londero, Elio, 1987. "Benefits and Beneficiaries: An Introduction to Estimating Distributional Effects in Cost-Benefit Analysis (Second Edition)," MPRA Paper 60345, University Library of Munich, Germany, revised 1996.
    5. Hollis Chenery† & T.N. Srinivasan (ed.), 1989. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 2, number 2.
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    Cited by:

    1. Elio Londero, 2001. "The alleged countercyclical nature of Argentina's exports of manufactures," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(2), pages 151-173.
    2. Elio Londero, 1999. "Secondary Products, By-products and the Commodity Technology Assumption," Economic Systems Research, Taylor & Francis Journals, vol. 11(2), pages 195-203.
    3. Elio Londero, 2001. "By-Products," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 35-45.

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    More about this item

    Keywords

    shadow price; accounting price; partially traded goods; cost-benefit analysis;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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