On the pricing of undesirable state-contingent outputs

G. Chambers, T. Serra, A.G.J.M. Oude Lansink

Research output: Contribution to journalArticleAcademicpeer-review

14 Citations (Scopus)

Abstract

This paper adapts the models of Frisch (1965) and Murty and Russell (2006) on the modelling of undesirable outputs to a state-contingent setting with a specific emphasis on agricultural production technologies. TheChambers and Fa¨re (2008) approach to calculating shadowprices forDEAtechnologies is extended to encompass state-contingent production problems. These contributions are implemented empirically using a dataset obtained from a survey of Catalan farmers.
Original languageEnglish
Pages (from-to)485-509
JournalEuropean Review of Agricultural Economics
Volume41
Issue number3
DOIs
Publication statusPublished - 2014

Keywords

  • productivity
  • efficiency
  • industry

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