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shadow price. In DICTIOUS you will not only get to know all the dictionary meanings for the word
shadow price, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Noun
shadow price (plural shadow prices)
- (economics) A price for a resource, good, or service which is not based on actual market exchanges, but is mathematically derived from indirect data obtained from related markets.
1982, Frank Hahn, Monetary and Inflation, Oxford: Basil Blackwell, page 1:Friedman (1969) argued that a positive shadow price of money balances would violate the Pareto-efficiency condition that the shadow price of anything should equal its marginal cost.
1988, David A. Starrett, Foundations in Public Economics, →ISBN, pages 6–7:We focus on indirect methods such as using individual choice between life-threatening versus safe jobs to infer something about the shadow price of life or using land rent differentials to infer the shadow price of air pollution.
2003 August 11, Sarbjit Dhaliwal, “Punjab fights a losing battle on Johl plan”, in The Tribune, India, retrieved 26 January 2012:Thus, the social cost and the shadow price of paddy is much higher than what is paid to the farmers.
- 2007 Feb. 7, "Experts call for water pricing scheme" (transcript), Australian Broadcasting Corporation (retrieved 26 Jan 2012):
- Mike Young has been studying the shadow price of water, the amount that would be paid under normal market conditions.
Hyponyms
Translations
Verb
shadow price (third-person singular simple present shadow prices, present participle shadow pricing, simple past and past participle shadow priced)
- (transitive, economics) To calculate a shadow price for.
References