Spatial Markets

  • Martin J. Beckmann


In this chapter we consider competitive markets. Monopoly was discussed in chapter 3. Monopolistic competition and oligopoly, perhaps the most interesting case, is treated in chapter 7. When buyers and sellers are at possibly different locations, spatial dimension enters into markets. Miksch (1951) has recognized the following distinctions.


Mathematical Note Transportation Cost Excess Demand Residential Location Market Area 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1999

Authors and Affiliations

  • Martin J. Beckmann
    • 1
  1. 1.Economics DepartmentBrown UniversityProvidenceUSA

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