IDEAS home Printed from https://ideas.repec.org/p/qed/wpaper/57.html
   My bibliography  Save this paper

General Spatial Price Equilibrium

Author

Listed:
  • John M. Hartwick

    (Queen's University)

Abstract

In 1952, Samuelson (1952) showed how the problem of determining the flows of a commodity moving between spatially separated points in an equilibrium when transportation costs were positive could be treated as an extremum problem. Samuelson's approach was to maximize gross economic rent net of transportation costs in the system. The earliest use of his procedure of maximizing economic rent for characterizing equilibria is that of Cournot, and Cournot dealt with the identical problem. In this paper, the author will utilize the Cournot-Samuelson approach to characterize an equilibrium in Mosak's general equilibrium trade model for the case when transportation costs between countries are positive and the production of transportation goods is endogenous to the system.

Suggested Citation

  • John M. Hartwick, 1971. "General Spatial Price Equilibrium," Working Paper 57, Economics Department, Queen's University.
  • Handle: RePEc:qed:wpaper:57
    as

    Download full text from publisher

    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_57.pdf
    File Function: First version 1971
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. G. C. Archibald & R. G. Lipsey, 1958. "Monetary and Value Theory: A Critique of Lange and Patinkin," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 26(1), pages 1-22.
    3. 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.
    4. John M. Hartwick, 1971. "The Generalized Transportation Problem as a Quadratic Program," Working Paper 35, 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. John M. Hartwick, 1970. "The Pricing of Goods and Agricultural Land in Multiregional General Equilibruim," Working Paper 31, Economics Department, Queen's University.
    2. Michael G. Porter, 1980. "Aspects of Monetary Theory and Policy," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 1-16, March.
    3. Barro, Robert J, 1980. "A Capital Market in an Equilibrium Business Cycle Model," Econometrica, Econometric Society, vol. 48(6), pages 1393-1417, September.
    4. Michel Rosier, 2002. "The logic of Keynes' criticism of the Classical model," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(4), pages 608-643.
    5. James R. Markusen, 2021. "Ronald Jones's duality analysis as a foundation for applied general‐equilibrium modeling," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(1), pages 6-19, March.
    6. Plassard, Romain, 2017. "Disequilibrium as the origin, originality, and challenges of Clower's microfoundations of monetary theory," MPRA Paper 78917, University Library of Munich, Germany.
    7. James Markusen, 2021. "Global Comparative Statics in General Equilibrium: model building from theoretical foundations," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 6(2), pages 86-123, December.
    8. Araujo-Enciso, Sergio Rene, 2011. "The Takayama and Judge Price and Allocation Model and its Application in Non-linear Techniques for Spatial Market Integration," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114225, European Association of Agricultural Economists.
    9. 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.
    10. Sexton, Robert L. & Clower, Robert W. & Graves, Philip E. & Lee, Dwight R., 1992. "Incorporating inventories into supply and demand analysis," MPRA Paper 19905, University Library of Munich, Germany.
    11. P. D. Jonson & R. W. Rankin, 1986. "On Some Recent Developments in Monetary Economics," The Economic Record, The Economic Society of Australia, vol. 62(3), pages 257-267, September.
    12. Yang, Chin W. & Hwang, Ming J. & Sohng, Soong N., 2002. "The Cournot competition in the spatial equilibrium model," Energy Economics, Elsevier, vol. 24(2), pages 139-154, March.
    13. Pesenti, Amos, 2016. "The meaning of monetary stability," FSES Working Papers 475, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    14. Moon, Sang & Koo, Won W., 2006. "Effects of the Panama Canal on U.S. Competitiveness on the World Soybean Market," 2006 Annual meeting, July 23-26, Long Beach, CA 21418, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Whalley John & Yu Jun & Zhang Shunming, 2012. "Trade Retaliation in a Monetary-Trade Model," Global Economy Journal, De Gruyter, vol. 12(1), pages 1-29, March.
    16. Haixiao Huang, Walter C. Labys, 2002. "Environment and trade: a review of issues and methods," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 2(1/2), pages 100-160.
    17. Ghani E., 1984. "Effects of devaluation on employment and poverty in developing countries," ILO Working Papers 992349323402676, International Labour Organization.
    18. George Darko & Richard Dusansky & Pankaj Maskara & Nadeem Naqvi, 2006. "The gains from trade in a small monetary economy," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(4), pages 403-430.
    19. Desai, Milinf, 2010. "An exploration of money & interest in the theory of value," MPRA Paper 37315, University Library of Munich, Germany.
    20. Akira Takayama & Richard K. Anderson, 1978. "Devaluation, Capital Mobility, and Long‐Run Equilibrium," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 354-368, December.

    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:57. 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.