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A Generalized Spatial Price Equilibrium Model

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  • Patrick T. Harker

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.

Suggested Citation

  • Patrick T. Harker, 1984. "A Generalized Spatial Price Equilibrium Model," Papers in Regional Science, Wiley Blackwell, vol. 54(1), pages 25-42, January.
    • Handle: RePEc:bla:presci:v:54:y:1984:i:1:p:25-42
    DOI: 10.1111/j.1435-5597.1984.tb00814.x
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    Cited by:

    1. Jang, Joonkyung, 1992. "A spatial equilibrium analysis of the impact of transportation costs and policy changes on the export of U.S. beef and feed grains," ISU General Staff Papers 1992010108000017632, Iowa State University, Department of Economics.
    2. Michael L. Lahr, 2014. "Square Dancing with the Stars to Enhance Dynamic Hirschman Linkages?," The Review of Regional Studies, Southern Regional Science Association, vol. 44(2), pages 111-123, Summer.

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