The Cournot competition in the spatial equilibrium model

被引：20
|
作者：
Yang, CW [1 ]
Hwang, MJ
Sohng, SN
机构：
[1] Clarion Univ PA, Dept Econ, Clarion, PA 16214 USA
[2] W Virginia Univ, Dept Econ, Morgantown, WV 26506 USA
来源：
ENERGY ECONOMICS | 2002年 / 24卷 / 02期
关键词：
optimization techniques; programming models; size and spatial distributions; regional economic activity;
D O I：
10.1016/S0140-9883(01)00094-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we develop conditions for the Takayama-Judge spatial equilibrium model to collapse into the classical Cournot model. In the case of heterogeneous demand and cost functions, the linear complementarity programming formulation is proposed to model the spatial Cournot model. Lastly, we implement the spatial equilibrium Cournot model to the US coal market and compare its performance to that of the original Takayama-Judge model. To the best of our knowledge, this is the only spatial equilibrium Cournot model estimated and implemented. (C) 2002 Elsevier Science B.V. All rights reserved.
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页码：139 / 154
页数：16
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