DYNAMICS OF A NON-LINEAR SPATIAL TRADE MODEL.

This paper deals with a non-linear economic model consisting of a collection of suppliers and markets. The markets and suppliers are assumed to be separated by a constant transport cost. A social payoff function is proposed. The existence, uniqueness, and stability of equilibrium states are related to the properties of the optimal social payoff.

Duke Authors

Cited Authors

  • Hager William, W; Garg Devendra, P

Published Date

  • 1972

Published In

  • International Journal of Systems Science

Volume / Issue

  • 3 / 4

Start / End Page

  • 427 - 438