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For nonmarket economies, the law assumes that domestic prices are meaningless, and American trade officials use figures for a surrogate market economy country instead -- generally to the great disadvantage of the country accused of dumping.
This study applied CV approach to elicit farmers estimated WTA as proxy price attached to ecosystem services in surrogate market given that most ecosystem services lack a market for direct trading.
Based on revealed and stated preference techniques (contingent valuation), farmers were asked to reveal their WTA as surrogate market prices to implement PES practices for provision of ecosystem services.
The WTA estimates indicate the economic value individual famer attaches to ecosystem goods and services in surrogate market place and offers an opportunity to attach price on previously un-priced ecosystems services (DEFRA 2013).
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For purposes of calculating production costs, the law calls for a "surrogate" market-economy country to be used for comparisons with the United States.
Information derived from observed behavior in the surrogate markets is used to estimate willingness to pay (WTP).
One of the valuation environment resource methods is revealed preference methods, also known as indirect valuation methods, look for related or surrogate markets in which the environmental good is implicitly traded (Lancaster 1966).
There are two main problems in Russia's surrogate alcohol market: first is the widespread consumption of items marked as perfumes or bath tinctures.
He also calls it a "surrogate" spot market for housing.
After several generations, the distribution of income would become more nearly equal because fewer women would be willing to be surrogates at the market price.
They actually both may rely on surrogate endpoints for marketing approvals [ 21, 22].
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