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Policy reform, shadow prices, and market prices

저자: Jean Drèze; N H Stern; International Monetary Fund.
출판사: [Washington, D.C.] : International Monetary Fund, 1988.
시리즈: IMF working paper, WP-88-91.
판/형식:   Print book : 영어모든 판과 형식 보기
데이터베이스:WorldCat
요약:
How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measrres of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform, demonstrate the critical dependence of these prices  더 읽기…
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문서 형식:
모든 저자 / 참여자: Jean Drèze; N H Stern; International Monetary Fund.
OCLC 번호: 19772343
메모: "October 18, 1988."
설명: 50 pages : illustrations ; 28 cm.
일련 제목: IMF working paper, WP-88-91.
책임: prepared by Jean Dréze and Nicholas Stern.

초록:

How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measrres of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform, demonstrate the critical dependence of these prices on government policy, and analyze their relations with market prices. A conceptual framework for applied analysis is provided plus a detailed theoretical account of policy in a model with some fixed prices, rationing, and taxation.

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