Shadow Values of Carbon Sequestration: A Case Study of the Czech Republic

Lukáš Čechura, Helena Řezbová, Jiří Vacek, Zdeňka Žáková Kroupová and Iveta Mlezivová

AGRIS on-line Papers in Economics and Informatics, 2025, vol. 17, issue 3

Abstract: This paper estimates the shadow values of total carbon sequestration in Czech cereal production. We use a production model with multiple outputs and inputs, using an input distance function (IDF) to estimate shadow price of land. The shadow prices of land and the amount of total carbon sequestration are then used to estimate the shadow values of carbon sequestration for a selected group of crops. The results present considerable differences in shadow values across both crops types and farm sizes.

Keywords: Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aolpei:373327

DOI: 10.22004/ag.econ.373327

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