Black Box Pricing Models

Rolf Färe, Shawna Grosskopf and Dimitris Margaritis

Chapter 5 in Pricing Non-marketed Goods using Distance Functions, 2019, pp 31-42 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, we derive our pricing models based on the distance functions introduced in Chapter 3. These include both the Shephard ‘multiplicative’ distance functions and the ‘additive’ directional distance functions. As we showed in Chapter 3, appropriate functional forms are the translog for the Shephard distance functions and the quadratic for the directional distance functions…

Keywords: Shadow Prices; Distance Functions; Network Pricing; Duality Theory; Production Models (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813277618_0005 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813277618_0005 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813277618_0005

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().