On the pricing of undesirable state-contingent outputs

Robert G. Chambers; Teresa Serra; Alfons Oude Lansink

doi:10.1093/erae/jbu018

On the pricing of undesirable state-contingent outputs

Robert G. Chambers, Teresa Serra, Alfons Oude Lansink

Research output: Contribution to journal › Article › peer-review

Abstract

This paper adapts the models of Frisch (1965) and Murty and Russell (2006) on the modelling of undesirable outputs to a state-contingent setting with a specific emphasis on agricultural production technologies. The Chambers and Färe (2008) approach to calculating shadow prices for DEA technologies is extended to encompass state-contingent production problems. These contributions are implemented empirically using a dataset obtained from a survey of Catalan farmers.

Original language	English (US)
Pages (from-to)	485-509
Number of pages	25
Journal	European Review of Agricultural Economics
Volume	41
Issue number	3
DOIs	https://doi.org/10.1093/erae/jbu018
State	Published - Jul 2014
Externally published	Yes

Keywords

shadow prices
state contingent
undesirable outputs

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

Online availability

10.1093/erae/jbu018

Library availability

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On the pricing of undesirable state-contingent outputs

Abstract

Keywords

ASJC Scopus subject areas

Online availability

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