spatial price equilibrium
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Spatial price equilibrium trade modelling: theory.

2021 ◽  
pp. 27-42
Author(s):  
G. Cornelis van Kooten ◽  
Craig M. T. Johnston
Keyword(s):  
Economic Welfare ◽  
Price Equilibrium ◽  
Spatial Price Equilibrium ◽  
Trade Model ◽  
Spatial Price

Abstract The theory of measuring economic welfare across horizontal and vertical chains is provided in this chapter. As demonstrated, it underlies the spatial price equilibrium (SPE) trade models. The vertical and horizontal chains involved in a particular trade model, referred to as the REPA model, are described as an illustration.

Spatial price equilibrium trade modelling: theory.

2021 ◽  
pp. 27-42
Author(s):  
G. Cornelis van Kooten ◽  
Craig M. T. Johnston
Keyword(s):  
Economic Welfare ◽  
Price Equilibrium ◽  
Spatial Price Equilibrium ◽  
Trade Model ◽  
Spatial Price

Abstract The theory of measuring economic welfare across horizontal and vertical chains is provided in this chapter. As demonstrated, it underlies the spatial price equilibrium (SPE) trade models. The vertical and horizontal chains involved in a particular trade model, referred to as the REPA model, are described as an illustration.

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