Work

A Generalized Spatial Price Equilibrium Model

Year: 1984

Type: article

Abstract: ABSTRACT The classical spatial price equilibrium model assumes that transport costs are known as a function of the flow on an are of the network. In reality transport costs are derived from the action of profit-maximizing transport firms called carriers. This paper extends the spatial price equilibrium concept to include carriers and illustrates how this model can be used in the study of the U.S. coal market.

Source: Papers of the Regional Science Association

DOI: 10.1007/bf01940123

Author: Patrick T. Harker

Institution: University of California, Santa Barbara

Language: English

Topic: Regional Economics and Spatial Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,740

Funders: U.S. Department of Energy, U.S. Department of Transportation, Argonne National Laboratory