Advertisement

Joint Production Shadow Prices and the Three Optima Theorem

  • Enrique Ballestero
  • Carlos Romero
Chapter

Abstract

So far we have only examined an initial link between CP and standard utility, focused on approximating the utility optimum on the opportunity set. The analysis has been restricted to bi-attribute utility functions that lead to the bounding of the optimum without the need to determine the form and parameters of the utility map. We postpone until Chapter 8 the analysis of a further CP-utility linkage extended to multi-attribute utility functions. In Chapter 8 we will search for the specification of these functions as a previous step toward their maximisation.

Keywords

Market Price Maximum Profit Shadow Price Joint Production Multiple Criterion Decision 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media New York 1998

Authors and Affiliations

  • Enrique Ballestero
    • 1
  • Carlos Romero
    • 1
  1. 1.Technical University of MadridSpain

Personalised recommendations