Article ID: | iaor19941147 |
Country: | South Korea |
Volume: | 18 |
Issue: | 2 |
Start Page Number: | 147 |
End Page Number: | 156 |
Publication Date: | Aug 1993 |
Journal: | Journal of the Korean ORMS Society |
Authors: | Cho Seong-Cheol |
Recently a new concept of shadow prices, called average shadow price, has been developed. This paper provides a dual problem and the corresponding duality theorems justifying this new shadow price. The general duality framework is used. As an important secondary result, a new reduced class of price function, the