Shadow Price Calculations in Distorted Economies
研究了存在市场扭曲时公共部门影子价格的性质，通过竞争性一般均衡模型推导理论性质，并用数值例子说明局部均衡加权平均规则可能产生误导。
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.