Spatial price dynamics: From complex network perspective

Y.L. Li, J.T. Bi and H.J. Sun

Physica A: Statistical Mechanics and its Applications, 2008, vol. 387, issue 23, 5852-5856

Abstract: The spatial price problem means that if the supply price plus the transportation cost is less than the demand price, there exists a trade. Thus, after an amount of exchange, the demand price will decrease. This process is continuous until an equilibrium state is obtained. However, how the trade network structure affects this process has received little attention. In this paper, we give a evolving model to describe the levels of spatial price on different complex network structures. The simulation results show that the network with shorter path length is sensitive to the variation of prices.

Keywords: Spatial price; Complex networks; Dynamics (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:387:y:2008:i:23:p:5852-5856

DOI: 10.1016/j.physa.2008.06.008

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