Cost-Benefit Criteria and the Compensation Principle in Evaluating Small Projects
指出在消费者和生产者价格不一致的经济中,补偿原则用于分离项目效率和分配效应存在理论缺陷,并针对微分意义上的小项目建立了通过补偿检验的充要条件,该条件需计算一组消费者和生产者价格向量的加权平均影子价格。
The use of the compensation principle in cost-benefit analysis as a means of separating the efficiency and distributional effects of a project is theoretically suspect for a number of reasons. One difficulty is the lack of a necessary and sufficient criterion for determining that a compensation test is passed in an economy where consumers' and producers' prices are not the same. For this paper we establish such a criterion for projects that are small in the differential sense. The criterion requires the calculation of a set of "shadow prices" which is a weighted average of the consumers' and producers' price vectors.