shadow prices

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Definition of shadow prices in English English dictionary
shadow price: for a constraint, the amount that the value of the objective function would change if the RHS value of the constraint was changed by one unit
shadow price: the true social value of a resource
shadow price: An economic term to denote the rate at which the optimal value changes with respect to a change in some right-hand side that represents a resource supply or demand requirement (This is sometimes taken as synonymous with the dual price, but this can be erroneous, as in the presence of degeneracy -- see marginal price ) Also see pricing
shadow price: Price that would prevail after relaxing a transmission constraint
shadow price: A "price" used in economic analysis to represent a cost or benefit from a good when the market price is a poor indicator of economic value or there is no market at all for that good

shadow prices

Hyphenation

shad·ow prices

şädō praysız

/ˈsʜaˌdō ˈprīsəz/ /ˈʃæˌdoʊ ˈpraɪsəz/

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