IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789813277618_0004.html
   My bibliography  Save this book chapter

Mathematical Underpinnings

In: Pricing Non-marketed Goods using Distance Functions

Author

Listed:
  • Rolf Färe
  • Shawna Grosskopf
  • Dimitris Margaritis

Abstract

One of our goals in this chapter is to provide an intuitive introduction to our method for pricing non-marketed commodities or commodity characteristics. We consider our approach to be a complement to existing methods such as hedonic regressions or contingent valuation. Our main tool is calculus. And the key to finding prices (in price space) for non-marketed goods (which are in quantity space) is the derivative. A derivative is the perfect tool for taking a variable from one linear space — like our quantities — into its dual space, which are the shadow prices we seek…

Suggested Citation

  • Rolf Färe & Shawna Grosskopf & Dimitris Margaritis, 2019. "Mathematical Underpinnings," World Scientific Book Chapters, in: Pricing Non-marketed Goods using Distance Functions, chapter 4, pages 25-29, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813277618_0004
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789813277618_0004
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789813277618_0004
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789813277618_0004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.