Shadow prices of Missouri public conservation land

被引:33
|
作者
Färe, R
Grosskopf, S
Weber, WL
机构
[1] Oregon State Univ, Dept Econ, Corvallis, OR 97331 USA
[2] Oregon State Univ, Dept Agr & Resource Econ, Corvallis, OR 97331 USA
[3] SE Missouri State Univ, Dept Econ, Cape Girardeau, MO 63701 USA
关键词
D O I
10.1177/109114210102900602
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The directional distance function provides a complete characterization of the production technology and, when differentiable, can be used to derive shadow prices for nonmarket outputs. A quadratic functional form and the linear programming least absolute deviations method is used to implement the model and to estimate shadow prices and total value for the nonmarket characteristics of Missouri conservation land.
引用
收藏
页码:444 / 460
页数:17
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