Author : Harchaoui, Tarek M,Kaïs Dachraoui,Statistics Canada. Micro-Economic Analysis Division
Publisher : Statistics Canada
Page : 27 pages
File Size : 51,7 Mb
Release : 2004
Category : Industrial productivity
ISBN : 0662387538
Water Use, Shadow Prices and the Canadian Business Sector Productivity Performance by Harchaoui, Tarek M,Kaïs Dachraoui,Statistics Canada. Micro-Economic Analysis Division Pdf
This paper develops an approach to derive shadow values of water as a valuable input in a production process, which produces a socially valuable output (which is sold in the market). These shadow values are characterized as the amount producers would be willing, on the margin, to pay for the ability to use water as a free input. The magnitude of these economic benefits can therefore be examined by estimating the private costs that would be incurred in reducing water intake as a free input for a given level of the output.