01670cas a2200241 a 4500 AALejournalIMF009985 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451951608 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Policy Reform, Shadow Prices, and Market Prices. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (56 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/091 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/091/001.1988.issue-091-en.xml IMF e-Library