Theoretical Underpinnings

Rolf Färe, Shawna Grosskopf and Dimitris Margaritis

Chapter 2 in Pricing Non-marketed Goods using Distance Functions, 2019, pp 5-11 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The theoretical section of our book consists of seven chapters and an appendix. This chapter introduces the reader to production models upon which the book is based. Together with the appendix, it reviews the basic production theoretical concepts used in modeling the ‘black box’ technology. This includes the three equivalent input, output and technology sets which transform inputs into outputs, both intended and unintended. Network technologies are introduced in Chapter 6; these consist of connected black box technologies, both static and dynamic…

Keywords: Shadow Prices; Distance Functions; Network Pricing; Duality Theory; Production Models (search for similar items in EconPapers)
Date: 2019
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