Pricing Models Based on Indirect Distance Functions

Rolf Färe, Shawna Grosskopf and Dimitris Margaritis

Chapter 7 in Pricing Non-marketed Goods using Distance Functions, 2019, pp 53-62 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, we introduce pricing models based on cost and revenue indirect distance functions. These functions differ from the distance functions in earlier chapters; their variables are normalized prices and quantities rather than just quantities of inputs and outputs. (see also Färe and Grosskopf, 1994; Shephard, 1974)…

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