Derivation of Shadow Prices for Undesirable Outputs: A Distance Function Approach

1 May 1993

journal article
Published by JSTOR in The Review of Economics and Statistics

Vol. 75 (2) , 374
https://doi.org/10.2307/2109448

Abstract

Many production activities generate undesirable byproducts in conjunction with the desirable outputs they produce. Pittman (1983) showed how to adjust productiv...

Keywords

FUNCTION
DISTANCE
BYPRODUCTS
CONJUNCTION
SHADOW PRICES
PITTMAN
PRODUCTIV
PRICES FOR UNDESIRABLE

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