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Lecture Notes in Economics and Mathematical Systems

Spatial Price Equilibrium: Advances in Theory, Computation and Application

Papers Presented at the Thirty-First North American Regional Science Association Meeting Held at Denver, Colorado, USA November 1984

Editors: Harker, Patrick T. (Ed.)

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About this book

The problem of predicting interregional commodity movements and the regional prices of these commodities has intrigued economists, geographers and operations researchers for years. In 1838, A. A. Cournot (1838) discussed the equilibrium of trade between New York and Paris and noted how the equilibrium prices depended upon the transport costs. Enke (1951) recognized that this problem of predicting interregional flows and regional prices could be formulated as a network problem, and in 1952, . Paul Samuelson (1952) used the then recent advances in mathe­ matical programming to formalize the spatial price equilibrium problem as a nonlinear optimization problem. From this formula­ tion, Takayama and Judge (1964) derived their quadratic program­ ming representation of the spatial price equilibrium problem, which they and other scholars then applied to a wide variety of problem contexts. Since these early beginnings, the spatial price equilibrium problem has been widely studied, extended and applied; the paper by Harker (1985) reviews many of these results. In recent years, there has been a growing interest in this problem, as evidenced by the numerous publications listed in Harker (1985). The reasons for this renewed interest are many. First, new applications of this concept have arisen which challenge the theoretical underpinnings of this model. The spatial price equilibrium concept is founded on the assumption of perfect or pure competition. The applications to energy markets, steel markets, etc. have led scholars to rethink the basic structure of this model.

Table of contents (10 chapters)

Table of contents (10 chapters)
  • A New Look at Spatially Competitive Facility Location Models

    Pages 1-19

    Tobin, Roger L. (et al.)

  • A Spatial Nash Equilibrium Model

    Pages 20-40

    Hashimoto, Hideo

  • Investigating the Use of the Core as a Solution Concept in Spatial Price Equilibrium Games

    Pages 41-72

    Harker, Patrick T.

  • Computational Aspects of the International Coal Trade Model

    Pages 73-117

    Falk, James E. (et al.)

  • Demand Homotopies for Computing Nonlinear and Multi-Commodity Spatial Equilibria

    Pages 118-135

    Jones, Philip C. (et al.)

Buy this book

eBook $109.00
price for USA in USD
  • ISBN 978-3-642-46548-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.00
price for USA in USD
  • ISBN 978-3-540-15681-9
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Spatial Price Equilibrium: Advances in Theory, Computation and Application
Book Subtitle
Papers Presented at the Thirty-First North American Regional Science Association Meeting Held at Denver, Colorado, USA November 1984
Editors
  • Patrick T. Harker
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
249
Copyright
1985
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-46548-2
DOI
10.1007/978-3-642-46548-2
Softcover ISBN
978-3-540-15681-9
Series ISSN
0075-8442
Edition Number
1
Number of Pages
VIII, 282
Topics

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