Spatial Market Policy Modeling with Goal Targets

Anna Nagurney, Sten Thore and Jie Pan
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Anna Nagurney: University of Massachusetts, Amherst, Massachusetts
Sten Thore: University of Texas at Austin, Austin, Texas
Jie Pan: St. Joseph's University, Philadelphia, Pennsylvania

Operations Research, 1996, vol. 44, issue 2, 393-406

Abstract: In this paper we show how the theory of variational inequalities can be applied to the formulation, qualitative analysis, and computation of a new competitive spatial market model in the presence of goal targets. The model allows the decision maker to impose supply goals at production locations, demand goals at consumption locations, and transportation goals between supply and demand locations, along with associated penalties for failure to comply. This work may be viewed as a contribution to the growing literature on the development of mathematical methodologies for policy modeling.

Keywords: economics: policy modeling computation of equilibria; programming: generalized spatial market model; programming: variational inequality formulation (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:44:y:1996:i:2:p:393-406

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