Zhou, P.; Zhou, X.; Fan, L.W. - In: Applied Energy 130 (2014) C, pp. 799-806
Undesirable outputs (or bads) refer to the byproducts accompanied with desirable outputs (or goods) in a production process, e.g. sulfur dioxide and carbon dioxide in coal-fired power generation. The shadow price of undesirable output, which may be interpreted as the opportunity cost of abating...