Estimating accounting prices for common pool natural resources: A distance function approach

Estimation of the shadow prices of pollu

Estimation of the shadow prices of pollutants with production/environment inefficiency taken into account: a nonparametric directional distance function approach

✍ Jeong-Dong Lee; Jong-Bok Park; Tai-Yoo Kim 📂 Article 📅 2002 🏛 Elsevier Science 🌐 English ⚖ 165 KB

This paper deals with the estimation of the shadow prices of pollutants with a nonparametric directional distance function approach, where the inefficiency involved in the production process is taken into account unlike the previous studies. The directional vector, which is critical to the estimatio