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Recovering the Shadow Value of Nutrients
Timothy K. M. Beatty
American Journal of Agricultural Economics
Vol. 89, No. 1 (Feb., 2007), pp. 52-62
Stable URL: http://www.jstor.org/stable/4123562
Page Count: 11
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This article investigates the shadow values of twenty-eight different nutrients. It links the unit price of foods to the shadow values of nutrients by building on a utility theoretic model first proposed by Gorman. Maximum entropy principles are then used to reason consistently about the values of the parameters of interest. The resulting estimates are discussed and analyzed.
American Journal of Agricultural Economics © 2007 Agricultural & Applied Economics Association