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Spatial price equilibrium on congested networks

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  • Fisk, C. S.

Abstract

A new price formulation of the spatial price equilibrium model for congested networks is presented which allows for situations in which equilibrium between producers and consumers within a region may not be achieved. It also leads to a variational inequality in link flow without requiring that each network node be a market. Existence and uniqueness results are given and a solution algorithm is suggested.

Suggested Citation

  • Fisk, C. S., 1987. "Spatial price equilibrium on congested networks," Transportation Research Part B: Methodological, Elsevier, vol. 21(3), pages 175-182, June.
    • Handle: RePEc:eee:transb:v:21:y:1987:i:3:p:175-182
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