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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP41 |
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 |
URL | https://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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