Download or read book Spatial Price Equilibrium Advances in Theory Computation and Application written by Patrick T. Harker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Recent Advances in Spatial Equilibrium Modelling written by Jeroen C.J.M.van den Bergh and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prices and quantities of both stock and flow variables in an economic system are decisively influenced by their spatial coordinates. Any equilibrium state also mirrors the underlying spatial structure and a tatonnement process also incorporates the spatial ramifications of consumer and producer behaviour. The recognition ofthe spatial element in the formation of a general equilibrium in a complex space-economy already dates back to early work of LOsch, Isard and Samuelson, but it reached a stage of maturity thanks to the new inroads made by T. Takayama. This book is devoted to spatial economic equilibrium (SPE) analysis and is meant to pay homage to the founding father of modern spatial economic thinking, Professor Takayama. This book witnesses his great talents in clear and rigorous economic thinking regarding an area where for decades many economists have been groping in the dark. Everybody who wants to study the phenomenon of spatial economic equilibrium will necessarily come across Takayama's work, but this necessity is at the same time a great pleasure. Studying his work means a personal scientific enrichment in a field which is still not completely explored. The present volume brings together recent contributions to spatial equilibrium analysis, written by friends and colleagues of Takayama. The structure of the book is based on four main uses of spatial equilibrium models: (i) the imbedding of spatial flows in the economic environment, related to e.g.
Download or read book Spatial Price Equilibrium with Information Asymmetry in Quality and Minimum Quality Standards written by Anna Nagurney and published by . This book was released on 2016 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, a spatial price equilibrium model with information asymmetry in quality is developed. Producers at the supply markets are aware of the quality of their products, whereas consumers, located at the demand markets, are aware only of the average quality of the products that are shipped to their demand markets. We derive the governing equilibrium conditions, along with the variational inequality formulation. We then extend the model to include policy interventions in the form of minimum quality standards and provide an integrated variational inequality formulation of both models. We introduce a dynamic adjustment process for the evolution of the product shipments and quality levels over time and formulate it as a projected dynamical system. We establish qualitative results, in the form of existence, uniqueness, and stability analysis. An algorithm is proposed, along with a convergence proof. The algorithm tracks the evolution of the product shipment and quality level pattern until an equilibrium is achieved and, at each iteration, yields closed form expressions for the computation of the product shipments and quality levels. It is then utilized to compute solutions to a spectrum of spatial price equilibrium numerical examples in order to explore the impacts of information asymmetry under different scenarios.This work adds to the growing research on spatial competition and product quality but is the first to incorporate information asymmetry of this specific form in both equilibrium and dynamic model versions.
Download or read book Generalized Spatial Price Equilibrium Model written by Patrick T. Harker and published by . This book was released on 1983 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial Price Equilibrium written by Patrick T. Harker and published by . This book was released on 1987 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial price equilibrium written by Malcolm Peter Robertson and published by . This book was released on 1968 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Using a Joint input Multi product Formulation to Improve Spatial Price Equilibrium Models written by Phillip M. Bishop and published by . This book was released on 1994 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial Price Equilibrium and Efficiency written by Sven Erlander and published by Montréal : Centre for Research on Transportation = Centre de recherche sur les transports. This book was released on 1992 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Look at Static Spatial Price Equilibrium Models written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cities Agglomeration and Spatial Equilibrium written by Edward Ludwig Glaeser and published by Oxford University Press. This book was released on 2008 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 220 million Americans crowd together in the 3% of the country that is urban. 35 million people live in the vast metropolis of Tokyo, the most productive urban area in the world. The central city of Mumbai alone has 12 million people, and Shanghai almost as many. We choose to live cheek by jowl, in a planet with vast amounts of space. Yet despite all of the land available to us, we choose to live in proximity to cities. Using economics to understand this phenomenon, the urban economist uses the tools of economic theory and empirical data to explain why cities exist and to analyze urban issues such as housing, education, crime, poverty and social interaction. Drawing on the success of his Lindahl lectures, Edward Glaeser provides a rigorous account of his research and unique thinking on cities. Using a series of simple models and economic theory, Glaeser illustrates the primary features of urban economics including the concepts of spatial equilibrium and agglomeration economies. Written for a mathematically inclined audience with an interest in urban economics and cities, the book is written to be accessible to theorists and non-theorists alike and should provide a basis for further empirical work.
Download or read book Spatial Price Equilibrium Analyses of the Livestock Economy written by George G. Judge and published by . This book was released on 1960 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial and Temporal Price and Allocation Models written by Takashi Takayama and published by . This book was released on 1971 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trends in Applications of Pure Mathematics to Mechanics written by Regional Science Association. Meeting and published by . This book was released on 1969 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Temporal and Spatial Price Equilibrium Models and Optimal Control Models written by Takashi Takayama and published by . This book was released on 1977 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial Pricing and Differentiated Markets written by George Norman and published by Taylor & Francis. This book was released on 1986 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Non separability in Frameworks of Spatial Price Equilibrium written by John Robert Roy and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic systems with spatial interdependencies need to be represented in frameworks with the property of spatial non-separability. Non-separability can occur at various levels, either with respect to the set of buying prices, the set of selling prices or both sets of prices simultaneously. It also relates to whether the equilibria are defined in an aggregate sense at origin regions or destination regions, or whether they are link-specific. For Walrasian models of spatial price equilibrium, two alternative approaches are described which maintain this property. In the first more traditional procedure, local demand and supply functions are spatially coupled by an exchange mechanism evaluating demand shares of a given total demand at each demand region from each supply region, or vice-versa, thereby sacrificing the opportunity of obtaining potentially non-cif equilibrium consumer selling prices in the demand regions. For a second procedure, recommended for more differentiated goods, the exchange mechanism is itself treated as a price responsive economic agent (e.g., each group of regional importers) with given transhipment capacities, allowing either link-specific or averaged origin buying prices and destination selling prices with differential mark-ups to be determined.
Download or read book Spatial Price Equilibrium and Linear Programming written by Paul Anthony Samuelson and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
