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Shadow Pricing, Information, and Stability in a Simple Open Economy

Peter Warr

Monash University

Quarterly Journal of Economics 1978 open access

I. Introduction, 95. — II. Notation and assumptions, 96. — III. Necessary conditions for a second-best optimum, 98. — IV. Informational requirements, 100. — V. Stability, 103. — VI. Some alternative solutions, 109. — VII. Summary and conclusions, 112. — Appendix A: Proof of Proposition 1,113. — Appendix B: Proof of Proposition 3,115.

DOI
10.2307/1886000
Volume
92 (1)
Pages
95
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