ESTIMATION OF SHADOW PRICES OF UNDESIRABLE OUTPUTS: AN APPLICATION TO UK DAIRY FARMS

The parameters of an output distance function are estimated utilising unbalanced panel data from 300 UK dairy farms. Potential nitrate contamination of groundwater is modelled within the production process as an undesirable output and shadow prices (which can be interpreted as marginal abatement costs) for such contamination are calculated.


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20977
Total Pages:
16
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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