Spatial price equilibrium on congested networks

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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Year of publication:	1987
Authors:	Fisk, C. S.
Published in:	Transportation Research Part B: Methodological. - Elsevier, ISSN 0191-2615. - Vol. 21.1987, 3, p. 175-182
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005228233