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Spatial Price Equilibrium As A Foundation To Unified Spatial Commodity Modeling

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  • Walter C. Labys
  • Chin W. Yang

Abstract

ABSTRACT Various approaches to modeling spatial commodity flows are critically examined. Starting with the linear programming transportation problem, it is found that the properties of the spatial equilibrium model tan be served as a foundation to a host of other models. The convergence of some key characteristics embedded in these models indicates that the spatial price equilibrium model is indeed an important cornerstone upon which the entropy formulations, imperfect competition and spatial econometric models are built.

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  • Walter C. Labys & Chin W. Yang, 1997. "Spatial Price Equilibrium As A Foundation To Unified Spatial Commodity Modeling," Papers in Regional Science, Wiley Blackwell, vol. 76(2), pages 199-228, April.
    • Handle: RePEc:bla:presci:v:76:y:1997:i:2:p:199-228
    DOI: 10.1111/j.1435-5597.1997.tb00689.x
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    Cited by:

    1. Nagurney, Anna & Nagurney, Ladimer S., 2012. "Dynamics and equilibria of ecological predator–prey networks as nature’s supply chains," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(1), pages 89-99.
    2. Anna Nagurney & Dana Hassani & Oleg Nivievskyi & Pavlo Martyshev, 2023. "Exchange rates and multicommodity international trade: insights from spatial price equilibrium modeling with policy instruments via variational inequalities," Journal of Global Optimization, Springer, vol. 87(1), pages 1-30, September.
    3. Nagurney, Anna & Li, Dong & Nagurney, Ladimer S., 2014. "Spatial price equilibrium with information asymmetry in quality and minimum quality standards," International Journal of Production Economics, Elsevier, vol. 158(C), pages 300-313.
    4. Erik T Verhoef & Peter Nijkamp, 2000. "Spatial Dimensions of Environmental Policies for Transboundary Externalities: A Spatial Price Equilibrium Approach," Environment and Planning A, , vol. 32(11), pages 2033-2055, November.
    5. Hao Wang & Linda Nozick & Ningxiong Xu & Jared Gearhart, 2018. "Modeling ocean, rail, and truck transportation flows to support policy analysis," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(3), pages 327-357, September.
    6. Yang, Chin W. & Hwang, Ming J. & Sohng, Soong N., 2002. "The Cournot competition in the spatial equilibrium model," Energy Economics, Elsevier, vol. 24(2), pages 139-154, March.
    7. Li, Dong & Nagurney, Anna & Yu, Min, 2018. "Consumer learning of product quality with time delay: Insights from spatial price equilibrium models with differentiated products," Omega, Elsevier, vol. 81(C), pages 150-168.
    8. José Holguín-Veras & Ning Xu & Miguel Jaller & John Mitchell, 2016. "A Dynamic Spatial Price Equilibrium Model of Integrated Urban Production-Transportation Operations Considering Freight Delivery Tours," Transportation Science, INFORMS, vol. 50(2), pages 489-519, May.
    9. Jacques-Francois Thisse, 2016. "The Competitive Paradigm in Spatial Economics," HSE Working papers WP BRP 151/EC/2016, National Research University Higher School of Economics.
    10. Schwarz, Hans-Gunter, 2006. "Economic materials-product chain models: Current status, further development and an illustrative example," Ecological Economics, Elsevier, vol. 58(2), pages 373-392, June.
    11. Langyintuo, Augustine S. & Lowenberg-DeBoer, James & Arndt, Channing, 2003. "Potential Impacts Of The Proposed West African Monetary Zone On Cowpea Trade In West And Central Africa," 2003 Annual meeting, July 27-30, Montreal, Canada 22236, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Erik Teodoor Verhoef & Peter Nijkamp, 1998. "Energy policies in spatial systems: A spatial price equilibrium approach with heterogeneous regions and endogenous technologies," ERSA conference papers ersa98p113, European Regional Science Association.

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