shadow price

noun

1. economics the calculated price of a good or service for which no market price exists

Example Sentences

Once new markets are created, a “shadow price” is placed on all such goods or activities.

Read more on The Guardian

"In the past we didn't do this. The only thing we did was put a shadow price for carbon in them ... now we have to take it one step further."

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In 2007, the UK government estimated that the shadow price of carbon – the cost to society of the problems caused by emitting greenhouse gases – was £25 per tonne of carbon dioxide.

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Related: The Guardian view on meat and cancer: a little of what you fancy will do you no harm | Editorial If, as was recently suggested by the Chatham House thinktank, this shadow price was factored into the cost of UK food with high emissions, the resulting changes to the UK diet could lead to emission reductions of nearly 19m tonnes of carbon dioxide.

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The shadow price of gold, money supply divided by the amount of gold the US has, was $400 back in the 1980s; it’s now $15,000.

Read more on Forbes