Abstract A new price formulation of the spatial price equilibrium model for congested networks is presented which allows for situations in which equilibrium between producers and consumers within a region may not be achieved. It also leads to a variational inequality in link flow without requiring that each network node be a market. Existence and uniqueness results are given and a solution algorithm is suggested.


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    Title :

    Spatial price equilibrium on congested networks


    Contributors:
    Fisk, C.S. (author)

    Published in:

    Publication date :

    1986-01-20


    Size :

    8 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English