The location of firms and general spatial price equilibrium
Abstract
Alfred Weber (17) developed a model to show how a firm might locate when entering production given geographically distinct markets for the firm's product and the firm's inputs. The optimal location for the firm entering was shown to result from the solution to a straightforward transportation cost minimization problems. In a separate stream of development, Cournot (2) and Samuelson (13) demonstrated that a problem of economic rent maximization could define a set of prices and interpoint flows in space which characterised a spatial price equilibrium in reality. In this paper, I will indicate that Cournot-Samuelson principle of economic rent maximization and the extension to a dual problem in Hartwick (4) can be shown to generalize the Weber problem in a number of directions(This abstract was borrowed from another version of this item.)
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Article provided by Springer in its journal Weltwirtschaftliches Archiv.
Volume (Year): 108 (1972)
Issue (Month): 3 (09)
Pages: 462-482
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Keywords:Other versions of this item:
- John M. Hartwick, 1970. "The Location of Firms and General Spatial Price Equilibrium," Working Papers 33, Queen's University, Department of Economics.
References
References listed on IDEASPlease 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.:
- John M. Hartwick, 1970. "Effective Protection, Transportation Costs, and the Location of Firms," Working Papers 18, Queen's University, Department of Economics.
- John M. Hartwick, 1970. "A Generalization of the Transportation Problem in Linear Programming and Spatial Price Equilibrium," Working Papers 30, Queen's University, Department of Economics.
- John M. Hartwick, 1970. "The Pricing of Goods and Agricultural Land in Multiregional General Equilibruim," Working Papers 31, Queen's University, Department of Economics.
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