Yang Guiyuan, Tang Xiaowo. Shadow Price and It's Application in Resource Allocation[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(5): 540-544.
Citation:
Yang Guiyuan, Tang Xiaowo. Shadow Price and It's Application in Resource Allocation[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(5): 540-544.
Yang Guiyuan, Tang Xiaowo. Shadow Price and It's Application in Resource Allocation[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(5): 540-544.
Citation:
Yang Guiyuan, Tang Xiaowo. Shadow Price and It's Application in Resource Allocation[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(5): 540-544.
Shadow Price and It's Application in Resource Allocation
Based on the dual principle of linear programming, this paper discusses the economic significance of shadow price, corrects the error that interpretes the dual variables as shadow profit, and analyzes the factors that influence shadow price. The function of shadow price in resource allocation is also proposed.
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