Whereas models have generally been developed for perfectly competitive and monopolistic markets, this paper presents a spatial equilibrium model based on assumed oligoplistic market behaviour, characterized as a Nash non-cooperative game. The model consists of M regions that consume a given commodity and N regions that produce it. The model solves for the price, demand and supply quantities in each region, and for the trade flows among regions. The...
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INFORMACIÓN
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1984/02/29
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Documento de trabajo sobre productos básicos
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DWC8402
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1
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1
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2017/12/16
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Disclosed
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A spatial Nash equilibrium model
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perfectly competitive model