Study on the Shadow Price of Coal in China
Shadow price can reflect the resources’ scarcity and their contribution for economy. This paper constructed an input-output LP model based on methods of input-output combined with linear programming. And then, this paper measured the shadow price of coal using this input-output LP model based on China’s input-output tables in 1987-2007 and used the method of scenario simulation analysis to measure the shadow price of coal under different developing rates of coal industry. The results showed that the shadow price of coal in China showed an overall upward trend from 1987 to 2007 and the coal’s shadow price will gradually reduce with the expansion of the coal industry on the existing economies’ scale.
Qunjie Xu, Honghua Ge and Junxi Zhang
Y. Yang "Study on the Shadow Price of Coal in China", Advanced Materials Research, Vols. 361-363, pp. 1285-1289, 2012