Why is it often advisable to use accounting prices as imperfect empirical proxies of shadow prices instead

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Why is it often advisable to use accounting prices as imperfect empirical proxies of shadow prices instead of running a computable general equilibrium model?

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Applied Welfare Economics

ISBN: 978-1032022185

2nd Edition

Authors: Massimo Florio ,chiara Pancotti

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Question Posted: Jan 31, 2024 03:03 AM

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Why is it often advisable to use accounting prices as imperfect empirical proxies of shadow prices instead

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Applied Welfare Economics

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