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Price-Linked Farm And Spatial Equilibrium Models

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Author Info
Batterham, R.L.
MacAulay, T.G.
Abstract

The integration of detailed farm supply models with the basic spatial equilibrium model, is outlined. The direct linking of farm linear programming models with the spatial equilibrium model is achieved so that both prices and quantities are endogenous. Both the farm model and the spatial equilibrium model must be specified in primal-dual form to make the linkages. Limited details of the use of such a model in a study of a segment of the grain handling system in New South Wales are presented along with conclusions relating to the pricing of grain handling services.

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Publisher Info
Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 38 (1994)
Issue (Month): 02 (August)
Pages:
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Handle: RePEc:ags:ajaeau:22953

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Keywords: Research Methods/ Statistical Methods;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. James G. MacKinnon, 1975. "A Technique for the Solution of Spatial Equilibrium Models," Working Papers 199, Queen's University, Department of Economics.
  2. Onal, Hayri & McCarl, Bruce A, 1989. "Aggregation of Heterogeneous Firms in Mathematical Programming Models," European Review of Agricultural Economics, Oxford University Press for the Foundation for the European Review of Agricultural Economics, vol. 16(4), pages 499-513.
  3. MacAulay, T.G. & Batterham, R.L. & Fisher, B.S., 1989. "Solution Of Spatial Trading Systems With Concave Cubic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(03), December. [Downloadable!]
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  1. Louw, D.B. & van Schalkwyk, H.D., 2000. "Water markets an alternative for central water allocation?," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), December. [Downloadable!]
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