This paper explores the background to an important issue in applied welfare economics -- how the commodities used and produced by public projects should be valued in choosing among alternative modes of production.
Title
THE ECONOMICS OF SHADOW PRICING: MARKET DISTORTIONS AND PUBLIC INVESTMENT
Issue Date
1974
Publication Type
Working or Discussion Paper
Record Identifier
https://ageconsearch.umn.edu/record/14116
PURL Identifier
http://purl.umn.edu/14116
Total Pages
34
Series Statement
Staff Paper P74-22
