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- W1551185291 abstract "This paper is concerned with the properties of public-sector shadow prices in the presence of market distortio ns. Some theoretical properties of shadow prices in a competitive gen eral equilibrium model are derived and numerical examples are used to argue that partial equilibrium weighted-average rules connecting shadow prices and market prices may be quite misleading. The main re sults are derived in a closed-economy model, but are extended to a mo del with traded as well as nontraded goods. Copyright 1987 by The editors of the Scandinavian Journal of Economics." @default.
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- W1551185291 date "1987-09-01" @default.
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- W1551185291 title "Shadow Price Calculations in Distorted Economies" @default.
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- W1551185291 doi "https://doi.org/10.2307/3440199" @default.
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