Thirty Years with Spatial and Intertemporal Economics

T Takayama

The Annals of Regional Science, 1994, vol. 28, issue 3, 305-22

Abstract: In this paper the practical origin and development of the spatial and intertemporal price equilibrium (SIPE) models are chronologically followed around the personal life of the author. The fact that both the Marshallian (quantity) formulation and the Walrasian (price) formulation have been with the Takayama-Judge models in the primal-dual (purified-duality) relationship from the outset is pointed out. Historical use and abuse of large scale models in the past two decades, closely related to the SIPE models, are discussed. The author acknowledges recent developments of methodologies by younger generation researchers in this field and concludes that along with the recent development of high-powered computers and software, there will be a number of interesting and relevant SIPE model applications in the near future.

Date: 1994
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