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SHADOW PRICE OF ENVIRONMENTAL BADS: WEAK VS. STRONG DISPOSABILITY

Authors
Disciplines
  • Agricultural Science
  • Ecology
  • Geography

Abstract

This paper addresses the issue of the shadow price of environmental bads treated as an undesirable output (normal input) with weak (strong) disposability in a two-stage estimation. Nebraska agriculture sector time series data used is spread over 1936-94. Results indicate the difference in the price due to the disposability property.

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