IDEAS home Printed from https://ideas.repec.org/p/qed/wpaper/33.html
   My bibliography  Save this paper

The Location of Firms and General Spatial Price Equilibrium

Author

Listed:
  • John M. Hartwick

    (Queen's University)

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

Suggested Citation

  • John M. Hartwick, 1970. "The Location of Firms and General Spatial Price Equilibrium," Working Paper 33, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:33
    as

    Download full text from publisher

    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_33.pdf
    File Function: First version 1970
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ricardo Flores-Fillol & Rosella Nicolini, "undated". "Aerotropolis: an aviation-linked space," Working Papers 283, Barcelona School of Economics.
    2. Élodie Bertrand, 2006. "La thèse d'efficience du « théorème de Coase ». Quelle critique de la microéconomie ?," Revue économique, Presses de Sciences-Po, vol. 57(5), pages 983-1007.
    3. Arnott, Richard, 2007. "Congestion tolling with agglomeration externalities," Journal of Urban Economics, Elsevier, vol. 62(2), pages 187-203, September.
    4. Rosella Nicolini, 2003. "Local Networks and Regional Development: Features and Perspectives," Environment and Planning A, , vol. 35(2), pages 341-360, February.
    5. Agnar Sandmo, 2019. "A fundamental externality in the labour market? Ragnar Frisch on the socially optimal amount of work," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(1), pages 129-156, January.
    6. Arnott, Richard & Shevyakhova, Elizaveta, 2014. "Tenancy rent control and credible commitment in maintenance," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 72-85.
    7. Fabien Candau & Elisa Dienesch, 2013. "Does Globalization explain Urbanization in the World and in Asia?," Working papers of CATT hal-01847940, HAL.
    8. John S. Chipman, 1970. "Induced Technical Change and Patterns of International Trade," NBER Chapters, in: The Technology Factor in International Trade, pages 95-142, National Bureau of Economic Research, Inc.
    9. Carmona, Guilherme & Podczeck, Konrad, 2022. "Strict pure strategy Nash equilibrium in large finite-player games when the action set is a manifold," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    10. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    11. Yossi Hadar & David Pines, 2003. "On the Market Failure in a Dixit‐Stiglitz Setup with Two Trading Cities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 5(4), pages 549-570, October.
    12. Belleflamme, Paul & Picard, Pierre & Thisse, Jacques-Francois, 2000. "An Economic Theory of Regional Clusters," Journal of Urban Economics, Elsevier, vol. 48(1), pages 158-184, July.
    13. Williams, Gary W., 1989. "Value-Added Research Investments: Boon Or Boondoggle?," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270472, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Gene M. Grossman & Esteban Rossi-Hansberg, 2010. "External Economies and International Trade Redux," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 829-858.
    15. Pedro Valadas Monteiro & Teresa de Noronha & Paulo Neto, 2011. "The Importance of Clusters for Sustainable Innovation Processes: The Context of Small and Medium Sized Regions," CEFAGE-UE Working Papers 2011_24, University of Evora, CEFAGE-UE (Portugal).
    16. Henderson, J V, 1974. "The Sizes and Types of Cities," American Economic Review, American Economic Association, vol. 64(4), pages 640-656, September.
    17. Richard Arnott, 1998. "Economic Theory and the Spatial Mismatch Hypothesis," Urban Studies, Urban Studies Journal Limited, vol. 35(7), pages 1171-1185, June.
    18. Sheshinski, Eytan, 2004. "On atmosphere externality and corrective taxes," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 727-734, March.
    19. Wang, Fahui, 1999. "Modeling a central place system with interurban transport costs and complex rural hinterlands," Regional Science and Urban Economics, Elsevier, vol. 29(3), pages 381-409, May.
    20. Arvind Panagariya, 2003. "Alternative Approaches to Measuring the Cost of Protection," International Trade 0308002, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Babcock (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.