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Shadow Prices for Project Appraisal - Theory and Practice (Hardcover)
Loot Price: R3,323
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Shadow Prices for Project Appraisal - Theory and Practice (Hardcover)
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Capitalizing on the extensive experience of the author in
estimating shadow prices, Shadow Prices for Project Appraisal
forges a bridge between theory and practice, explaining what shadow
(or accounting) prices are, how they are used, and how they can be
estimated. Starting from the basic principles of applied welfare
economics, Elio Londero's book provides a step by step derivation
of those formulas more frequently utilized in estimating shadow
prices. The preparation and use of input-output techniques are
examined in detail, and different estimation approaches and
updating procedures are presented. Finally, a detailed case study
of shadow prices for Colombia illustrates their practical
application. This book will be essential reading for students and
teachers interested in cost-benefit analysis, and in shadow prices
as a specialized field of applied welfare economics. In addition,
the book will be an invaluable source for applied economists and
practitioners interested in calculating shadow prices.
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