SHADOW PRICES IN THE COST BENEFIT ANALYSIS

The paper presents one of the most usual costs and benefits evaluation methods and its evolution. The method, used in Cost Benefit Analysis of important investment projects, converts the market prices in shadow prices with the purpose to reflect the full opportunity cost, including positive and negative difficult quantifiable externalities and also, to eliminate any possible market distortion. Particularities of this process for developing countries are approached.

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Year of publication:	2011
Authors:	Mitrică, Eugen
Published in:	Theoretical and Applied Economics. - Asociaţia Generalā a Economiştilor din România - AGER. - Vol. 5(558)(supplement).2011, 5(558)(supplement), p. 555-562
Publisher:	Asociaţia Generalā a Economiştilor din România - AGER
Subject:	cost benefit analysis \| shadow prices \| conversion factors \| semi input-output method \| developing countries

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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