It is the authors' contention that the use of general equilibrium methology to calculate shadow prices for policy reform and project evaluation need not be prohibitively complex. They point out that beside shadow be prices other multiplies should be presented in order to make possible the...

We develop a model of occupational choice and entrepreneurship in which market frictions limit the possibilities for diversifying entrepreneurial risk. A concern for relative standing arises in this model even though individuals care only about the consumption of standard commodities. In...