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Tatonnement Modelling: A Variation To Linear Programming

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  • English, Burton C.
  • Short, Cameron
  • Heady, Earl O.

Abstract

An iterative solution incorporating Demand equations and on national interregional Linear Programming model is explored. Conditions for stability are found and comparison of an iterative solution process and a fixed demand solution is made. The iterative process used in the analysis allows the model to adjust demand levels when the supply curve shifts as a result of increased production costs.

Suggested Citation

  • English, Burton C. & Short, Cameron & Heady, Earl O., 1981. "Tatonnement Modelling: A Variation To Linear Programming," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279243
    DOI: 10.22004/ag.econ.279243
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    References listed on IDEAS

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    1. G. G. Judge & T. D. Wallace, 1958. "Estimation of Spatial Price Equilibrium Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(4), pages 801-820.
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