DERIVATION OF SHADOW PRICES FOR UNDESIRABLE OUTPUTS - A DISTANCE FUNCTION-APPROACH

• 成果类型: Note
• 署名作者: FARE, R; GROSSKOPF, S; LOVELL, CAK; YAISAWARNG, S
• 署名单位: Southern Illinois University System; Southern Illinois University; University of North Carolina; University of North Carolina Chapel Hill; Union College
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.2307/2109448
• 发表日期: 1993-05
• 页码: 374-380
• 关键词: multilateral productivity comparisons; EFFICIENCY

摘要

Many production activities generate undesirable byproducts in conjunction with the desirable outputs they produce. Pittman (1983) showed how to adjust productivity calculations, and Fare et al. (1989) showed how to adjust efficiency measures, in the presence of undesirable outputs. Here we show how to estimate output distance functions as frontiers in order to generate shadow values of the undesirable outputs that are required to make both types of adjustment. An empirical application is provided.