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The location of firms and general spatial price equilibrium

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  • John Hartwick

Abstract

Alfred Weber (17) developed a model to show how a firm might locate when entering production given geographically distinct markets for the firm's product and the firm's inputs. The optimal location for the firm entering was shown to result from the solution to a straightforward transportation cost minimization problems. In a separate stream of development, Cournot (2) and Samuelson (13) demonstrated that a problem of economic rent maximization could define a set of prices and interpoint flows in space which characterised a spatial price equilibrium in reality. In this paper, I will indicate that Cournot-Samuelson principle of economic rent maximization and the extension to a dual problem in Hartwick (4) can be shown to generalize the Weber problem in a number of directions
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  • John Hartwick, 1972. "The location of firms and general spatial price equilibrium," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 108(3), pages 462-482, September.
    • Handle: RePEc:spr:weltar:v:108:y:1972:i:3:p:462-482
    DOI: 10.1007/BF02696515
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    References listed on IDEAS

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    1. John M. Hartwick, 1970. "Effective Protection, Transportation Costs, and the Location of Firms," Working Paper 18, Economics Department, Queen's University.
    2. John M. Hartwick, 1970. "The Pricing of Goods and Agricultural Land in Multiregional General Equilibruim," Working Paper 31, Economics Department, Queen's University.
    3. John S. Chipman, 1970. "External Economies of Scale and Competitive Equilibrium," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 347-385.
    4. John M. Hartwick, 1970. "A Generalization of the Transportation Problem in Linear Programming and Spatial Price Equilibrium," Working Paper 30, Economics Department, Queen's University.
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