Spatial Price Equilibrium: Advances in Theory, Computation and Application: Papers Presented at the Thirty-First North American Regional Science ... in Economics and Mathematical Systems, 249) - Image 1

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Springer Spatial Price Equilibrium: Advances in Theory, Computation and Application: Papers Presented at the Thirty-First North American Regional Science ... in Economics and Mathematical Systems, 249)

Name: Spatial Price Equilibrium: Advances in Theory, Computation and Application: Papers Presented at the Thirty-First North American Regional Science ... in Economics and Mathematical Systems, 249)
Brand: Springer
Price: 78.38 GBP
Availability: InStock

Managers' Guides to Computing

Price History & Forecast

Last 70 days • 70 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 70 days • 2 price levels

Days at Price

Current Price

Price Analysis

Most common price: £78 (48 days, 68.6%)

Price range: £78 - £78

Price levels: 2 different prices over 70 days

Description

The problem of predicting interregional commodity movements and the regional prices of these commodities has intrigued economists, geographers and operations researchers for years. In 1838, A. A. Cournot (1838) discussed the equilibrium of trade between New York and Paris and noted how the equilibrium prices depended upon the transport costs. Enke (1951) recognized that this problem of predicting interregional flows and regional prices could be formulated as a network problem, and in 1952, . Paul Samuelson (1952) used the then recent advances in mathe matical programming to formalize the spatial price equilibrium problem as a nonlinear optimization problem. From this formula tion, Takayama and Judge (1964) derived their quadratic program ming representation of the spatial price equilibrium problem, which they and other scholars then applied to a wide variety of problem contexts. Since these early beginnings, the spatial price equilibrium problem has been widely studied, extended and applied; the paper by Harker (1985) reviews many of these results. In recent years, there has been a growing interest in this problem, as evidenced by the numerous publications listed in Harker (1985). The reasons for this renewed interest are many. First, new applications of this concept have arisen which challenge the theoretical underpinnings of this model. The spatial price equilibrium concept is founded on the assumption of perfect or pure competition. The applications to energy markets, steel markets, etc. have led scholars to rethink the basic structure of this model.

Product Specifications

Brand: Springer
Format: paperback
ASIN: 354015681X
Category: Books > Subjects > Business, Finance & Law > E-Commerce > Managers' Guides to Computing
Domain: Amazon UK
Release Date: 01 September 1985
Listed Since: 16 December 2006

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Springer Spatial Price Equilibrium: Advances in Theory, Computation and Application: Papers Presented at the Thirty-First North American Regional Science ... in Economics and Mathematical Systems, 249)

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

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