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The Pricing of Goods and Agricultural Land in Multiregional General Equilibruim

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  • John M. Hartwick

    (Queen's University)

Abstract

Von Thunen taught us, with the aid of a simple model (15), how to allocate and price agricultural land around a town. Cournot (1), Enke(3), and Samuelson(10) demonstrated how to price commodities at different points in space so as to cause efficient interregional trade to result when transportation costs impede the flow of commodities. The major part of this paper is concerned with the elucidation of the Von Thunen equilibrium and illustrates the power of the Cournot-Samuelson approach.

Suggested Citation

  • John M. Hartwick, 1970. "The Pricing of Goods and Agricultural Land in Multiregional General Equilibruim," Working Paper 31, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:31
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_31.pdf
    File Function: First version 1970
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    References listed on IDEAS

    as
    1. Takayama, T & Woodland, A D, 1970. "Equivalence of Price and Quantity Formulations of Spatial Equilibrium: Purified Duality in Quadratic and Concave Programming," Econometrica, Econometric Society, vol. 38(6), pages 889-906, November.
    2. Paul A. Samuelson, 1959. "A Modern Treatment of the Ricardian Economy: I. The Pricing of Goods and of Labor and Land Services," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(1), pages 1-35.
    3. Benjamin H. Stevens, 1968. "Location Theory And Programming Models: The Von Thünen Case," Papers in Regional Science, Wiley Blackwell, vol. 21(1), pages 19-34, January.
    4. C. D. Hyson & W. P. Hyson, 1950. "The Economic Law of Market Areas," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(2), pages 319-327.
    5. 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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    1. 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.

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