Download or read book Shadow Pricing with Price Controls written by Ivy Papps and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Shadow Prices Define Social Demand when Price Controls Induce Shortages written by Michael M. Tansey and published by . This book was released on 1981 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Reform Shadow Prices and Market Prices written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-10-18 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 prices may be integrated into an analysis of tax and price reform, demonstrate the critical dependence of these prices on government policy, and analyze their relations with market prices. A conceptual framework for applied analysis is provided plus a detailed theoretical account of policy in a model with some fixed prices, rationing, and taxation.
Download or read book Flaws and Ceilings written by Christopher Coyne and published by London Publishing Partnership. This book was released on 2015-03-27 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price controls across many sectors are currently being hotly debated. New controls in the housing market, more onerous minimum wages, minimum prices for alcohol, and freezes on energy prices are very high up the agenda of most politicians at the moment. Even without any further controls, wages, university fees, railway fares and many financial products already have their prices at least partly determined by politicians rather than by supply and demand in the market. Indeed, barely a sector of the UK economy is unaffected in one way or another by government controls on prices. This book demonstrates why economists do not like price controls and shows why they are widely regarded as being amongst the most damaging political interventions in markets. The authors analyse, in a very readable fashion, the damage they cause. Crucially, the authors also explain why, despite universal criticism from economists, price controls are so popular amongst politicians.
Download or read book Using Shadow Prices written by Ian Malcolm David Little and published by Heinemann Educational Publishers. This book was released on 1976 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook on economic analysis applications in project evaluation methodology originally devised by little and mirrlees - comprises case studies and economic models of the relevance of accounting prices (shadow pricing) in economic planning and programme planning. Bibliographys, references and statistical tables.
Download or read book Using Shadow Prices written by Ian Malcolm David Little and published by . This book was released on 1976-12 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The World of Economics written by John Eatwell and published by Springer. This book was released on 1991-05-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.
Download or read book A Note on Shadow Pricing with Fixed Taxes written by Peter G. Warr and published by . This book was released on 1974 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Green Technology and Environmental Regulation on Shadow Price written by Yoshiaki Ushifusa and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Shadow prices are the main concept of the cost-benefit analysis. In this paper, it is utilised as an index when a firm determines measures to environmental preservation. This paper formulizes an environmental shadow price which includes an environmental technical level and analyses the effect of input price, green technical levels, and environmental regulations on shadow price. This paper show that when firms improve their environmental technology, their emission levels don't increase and their environmental shadow price become high. Therefore firms may become positive in environmental preservation activity. Most firms have performed production activities and have taken environmental measures under the environmental regulation standard which regulation authorities have set. This paper analyses that if regulation authorities tighten up an environmental regulation standard, how environmental shadow prices change. It is shown that if regulation authorities tighten up environmental regulation, according to strengthening of regulation, firms will reduce inputs and control emission levels.
Download or read book Shadow Pricing Simplified written by John Duncan MacArthur and published by . This book was released on 1995 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Shadow Pricing written by Peter G. Warr and published by . This book was released on 1974 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Using Network Flow Techniques to Find Shadow Prices for Market Demands and Seat Inventory Control written by Robert Warren Simpson and published by . This book was released on 1989 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Price and Wage Controls written by Karl Brunner and published by Amsterdam ; New York : North-Holland Publishing Company ; New York : sole distributors for the U.S.A. American Elsevier Publishing Company. This book was released on 1976 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of conference papers on the economics of wage policy and price controls in the USA - refers to the economic implications and effects of controls, the impact of excess demand and wage-price controls on wage inflation in the UK, and the application of time series economic models to inflation and incomes policy, etc. Diagrams, graphs, references and statistical tables. Conference held in rochester 1973 November.
Download or read book Beyond GDP written by Marc Fleurbaey and published by Oxford University Press. This book was released on 2013-04-11 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of recurrent criticism and an impressive production of alternative indicators by scholars and NGOs, GDP remains the central indicator of countries' success. This book revisits the foundations of indicators of social welfare, and critically examines the four main alternatives to GDP that have been proposed: composite indicators, subjective well-being indexes, capabilities (the underlying philosophy of the Human Development Index), and equivalent incomes. Its provocative thesis is that the problem with GDP is not that it uses a monetary metric but that it focuses on a narrow set of aspects of individual lives. It is actually possible to build an alternative, more comprehensive, monetary indicator that takes income as its first benchmark and adds or subtracts corrections that represent the benefit or cost of non-market aspects of individual lives. Such a measure can respect the values and preferences of the people and give as much weight as they do to the non-market dimensions. A further provocative idea is that, in contrast, most of the currently available alternative indicators, including subjective well-being indexes, are not as respectful of people's values because, like GDP, they are too narrow and give specific weights to the various dimensions of life in a more uniform way, without taking account of the diversity of views on life in the population. The popular attraction that such alternative indicators derive from being non-monetary is therefore based on equivocation. Moreover, it is argued in this book that "greening" GDP and relative indicators is not the proper way to incorporate sustainability concerns. Sustainability involves predicting possible future paths, therefore different indicators than those assessing the current situation. While various indicators have been popular (adjusted net savings, ecological footprint), none of them involves the necessary forecasting effort that a proper evaluation of possible futures requires.
Download or read book The Oxford Handbook of Pricing Management written by Özalp Özer and published by Oxford University Press (UK). This book was released on 2012-06-07 with total page 977 pages. Available in PDF, EPUB and Kindle. Book excerpt: A definitive reference to the theory and practice of pricing across industries, environments, and methodologies. It covers all major areas of pricing including, pricing fundamentals, pricing tactics, and pricing management.
Download or read book IBSS Economics 1993 Vol 42 written by and published by Psychology Press. This book was released on 1994 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bibliography lists the most important works published in economics in 1993. Renowned for its international coverage and rigorous selection procedures, the IBSS provides researchers and librarians with the most comprehensive and scholarly bibliographic service available in the social sciences. The IBSS is compiled by the British Library of Political and Economic Science at the London School of Economics, one of the world's leading social science institutions. Published annually, the IBSS is available in four subject areas: anthropology, economics, political science and sociology.
Download or read book Applied Welfare Economics written by Chris Jones and published by OUP Oxford. This book was released on 2005-05-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Welfare Economics uses important results in the welfare economics literature to extend a conventional Harberger cost-benefit analysis. After reviewing the properties of different welfare measures a conventional welfare equation is used to evaluate marginal policy changes in a general equilibrium economy with tax distortions. The analysis is extended to accommodate trade and income taxes, time, internationally traded goods, and non-tax distortions, including externalities, non-competitive behaviour, public goods and price quantity controls. The welfare analysis is developed in stages, and where possible is explained using diagrams, to make it more adaptable to the different institutional arrangements encountered in applied work. With this in mind, computable welfare expressions are solved using demand and supply elasticities for each good. The lump-sum transfers used in a conventional analysis to separate welfare effects are carefully examined to identify the role of the marginal social cost of public funds (MCF) in policy evaluation. The main contribution in the book is to separate income effects for marginal policy changes in the shadow value of government revenue, which converts efficiency effects into dollar changes in private surplus. It is a scaling coefficient that makes income effects irrelevant in single (aggregated) consumer economies, and conveniently isolates distributional effects in heterogeneous consumer economies. The decomposition is used to test for Pareto improvements, and to examine the separate but related roles of the shadow value of government revenue and the MCF in applied work.
