The principal purpose of the monograph is to use general equilibrium methodology to explain the logical foundations of shadow prices and the techniques for deriving shadow price expressions. We first discuss the nature and meaning of shadow prices. Then we build a simple model in which each traded good is produced with intermediate inputs and a value added aggregate which are used in fixed proportions and with constant returns to scale, where the...
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DETAILS
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1986/01/31
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Staff Working Paper
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SWP792
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1
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1
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2010/07/01
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On shadow pricing
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shadow price
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Citation
Tower, Edward; Pursell,Garry.
On shadow pricing (English). Staff working paper ; no. SWP 792 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/619531468739265080