Spatial Price Equilibrium, Welfare And Quadratic Programming

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Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Volume:1 Issue:2
Spatial Price Equilibrium, Welfare And Quadratic Programming

Spatial Price Equilibrium, Welfare And Quadratic Programming

Authors : Muzaffer SARIMEŞELİ

Pages : 67-76

View : 21 | Download : 15

Publication Date : 1999-12-01

Article Type : Research Paper

Abstract :This paper is an ettempt to examine the theoretical aspects of a single product spatial equilibrium analysis. In the first section of the paper spatial equilibrium analysis is defined.In the second section attention is directed to the problem of solving the equilibrium conditions for a set of known linear demand and supply functions and a given vector of transportation costs. For this purpose a quadratic programming model was utilized. In the third section the welfare implications of the spatial price equilibrium models are investigated.
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