Policy Reform, Shadow Prices, and Market Prices.
How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how shadow...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1988.
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| Series: | IMF Working Papers; Working Paper ;
No. 1988/091 |
| Online Access: | Full text available on IMF |