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Author: Patrick T. Harker
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 64
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Book Description
Author: Patrick T. Harker
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 64
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Book Description
Author: Jeroen C.J.M.van den Bergh
Publisher: Springer Science & Business Media
ISBN: 3642800807
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
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.
Author: Patrick T. Harker
Publisher:
ISBN:
Category : Coal trade
Languages : en
Pages : 526
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Phillip M. Bishop
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 20
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Book Description
Author: Sven Erlander
Publisher: Montréal : Centre for Research on Transportation = Centre de recherche sur les transports
ISBN:
Category :
Languages : en
Pages : 64
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Book Description
Author: Takashi Takayama
Publisher:
ISBN:
Category : Pricing
Languages : en
Pages : 33
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Book Description
Author: John M. Hartwick
Publisher: Kingston, Ont. : Queen's University
ISBN:
Category : Costs, Industrial Mathematical models
Languages : en
Pages : 76
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Book Description
Author: Huseyin Tastan
Publisher:
ISBN:
Category :
Languages : en
Pages : 174
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Book Description
Keywords: simulation-based estimation, spatial market integration, indirect inference.
Author: Patrick T. Harker
Publisher: Springer Science & Business Media
ISBN: 364246548X
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
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.
