scienceFeb 26, 20257:47pending
Shadow Price: Valuing the Hidden Costs Behind Every Decision
About this episode
We unpack shadow pricing—the practice of assigning value to benefits and costs not captured by market prices. Learn the main methods—contingent valuation, hedonic pricing, and revealed preferences—and see how shadow prices inform decisions about parks, roads, and everyday purchases, so you can think beyond the sticker price.
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