G2TT
来源类型Discussion paper
规范类型论文
来源IDDP41
DP41 Public Sector Shadow Prices in Distorted General Equilibrium Models
Alasdair Smith
发表日期1985
出版年1985
语种英语
摘要In a closed competitive general equilibrium constant returns economy, consumer taxes separate consumer and producer prices of goods. Shadow prices appropriate for the evaluation of public sector projects are derived on alternative assumptions about what happens to taxes as public production changes. In some examples, equilibrium prices and shadow prices are computed, and these computations suggest both that shadow prices are quite sensitive to the precise specification of pre-existing distortions and also that partial equilibrium intuition about the relation between shadow prices and market prices may be seriously misleading. The possibility of extending the analysis to more realistic examples and models is discussed.
主题International Trade and Regional Economics
关键词Consumer taxes Cost benefit analysis General equilibrium Market distortions Shadow prices
URLhttps://cepr.org/publications/dp41
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529197
推荐引用方式
GB/T 7714
Alasdair Smith. DP41 Public Sector Shadow Prices in Distorted General Equilibrium Models. 1985.
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