Market Price, Shadow Price and All That

Review of Management

Vol. 6, Issue No. 48, 27 Nov, 1971

Updated on 27 November 1971

Ranjit K Sau

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Market Price, Shadow Price and All That

Review of Management

Vol. 6, Issue No. 48, 27 Nov, 1971

Updated on 27 November 1971

Ranjit K Sau

Ranjit K Sau Despite all the suspicions that have been cast on its theoretical soundness and practical usefulness, the concept of 'shadow price' still lingers on in cost-benefit analyses.

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