A GENERALIZED SPATIAL PRICE EQUILIBRIUM MODEL

Patrick T. Harker

Papers in Regional Science, 1984, vol. 54, issue 1, 25-42

Abstract: ABSTRACT The classical spatial price equilibrium model assumes that transport costs are known as a function of the flow on an are of the network. In reality transport costs are derived from the action of profit‐maximizing transport firms called carriers. This paper extends the spatial price equilibrium concept to include carriers and illustrates how this model can be used in the study of the U.S. coal market.

Date: 1984
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https://doi.org/10.1111/j.1435-5597.1984.tb00814.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:54:y:1984:i:1:p:25-42

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