shadow price

In other words, the costs of the 'shadow price' can be considerable and the results indifferent.

The value of the shadow price can provide decision-makers with insights into problems.

By definition these shadow prices are applicable to small changes in area for a single timber type.

By December that shadow price was high and rising.

The savings can be treated as separate items or reflected in lower shadow prices for labour.

A shadow price (or accounting price) that is the same for all projects in the country.

They are therefore starting to use shadow prices.

They might estimate the shadow price for a few more units of production as simply the cost of the overtime.

Each constraint in an optimization problem has a shadow price or dual variable.

This is a method for evaluating decision making units within an organization, by using imputed shadow prices.

In this manner some goods and services have near zero shadow prices, for example information goods.

The calculation of the shadow price of foreign exchange is, needless to say, a job for an expert.

The net present value of a project, calculated using true or economic values (social prices or shadow prices).

Also recorded are the prices or shadow prices for these materials as are environment protection expenditures.

The Shadow Price refers to the amortized value of rather than the assigned market value.

A common solution strategy in many optimal control problems is to solve for the costate (sometimes called the shadow price) .

The model also gives shadow prices of forest outputs which are interpreted as the prices implied by public decisions.

"Dual Prices" are the Shadow prices for the constraints.

In the proposed approach, the opportunity cost of capital is considered in the establishment of a shadow price of investment.

The "marginal" price for the hydro does not come from a bidding process, but it is the shadow price of an optimization program.

It imposes a very high shadow price on fuel and has the constraint thatfuel consumption is less than for the do-minimum strategy.

The Lagrange multiplier has an economic interpretation as the shadow price associated with the constraint, in this example the marginal utility of income.

Another legitimate use for lower-than-market shadow prices for labour is in an analysis that takes the narrow fiscal point of view of the government.

The Shadow Price of Foreign Exchange in the Canadian Economy.

By charging the "true" price of liquidity (i.e. its shadow price), central banks will help dampen excessive risk taking.