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Import and export equilibration algorithms for the net import spatial price equilibrium problem
Journal of Cost Analysis (1989)
  • Anna Nagurney, University of Massachusetts - Amherst
Abstract

In this paper, we present import and export equilibration algorithms for the solution of the much-studied net import spatial price equilibrium problem. The Algorithms have the remarkable feature that at each step, the equilibrium subproblem can be solved exactly. These algorithms are adaptations, respectively, of the demand market and supply market equilibration algorithms introduced recently by Dafermos and Nagurney (1987). The import and export equilibration algorithms are straightforward to implement and the computational experience demonstrates that the algorithms are very efficient vis a vis other special-purpose algorithms and suitable for practical large-scale problems.

Publication Date
1989
Publisher Statement
DOI:10.1080/08823871.1989.10462378
Citation Information
Anna Nagurney. "Import and export equilibration algorithms for the net import spatial price equilibrium problem" Journal of Cost Analysis Vol. 7 Iss. 1 (1989)
Available at: http://works.bepress.com/anna_nagurney/60/