Spatial Price Equilibrium

  • Anna Nagurney
Part of the Advances in Computational Economics book series (AICE, volume 10)

Abstract

The concept of a network in economics was implicit as early as in the classical work of Cournot (1838), who not only seems to have first explicitly stated that a competitive price is determined by the intersection of supply and demand curves, but had done so in the context of two spatially separated markets in which the cost of transporting the good between markets was considered.

Keywords

Variational Inequality Network Equilibrium Bipartite Network Supply Market Spatial Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Anna Nagurney
    • 1
  1. 1.University of MassachusettsAmherstUSA

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