A Spatial Computable General Equilibrium Model

• We present a spatial computable general equilibrium model for which the Walras' law is employed to articulate the general equilibrium of a spatially separated economy while Wardrop's first principle is used to enuniciate the flow equilibrium on a general transportaion network. A price and transportation cost dependent input-output matrix is employed to alleviate the need for explicit supply and factor demand functions found in traditional Samuelson-Takayama-Judge spatial price equilibrium models. A detailed transportation network presentation is employed to more precisely predict commodity movements. A numerical example with constant net out matrix is also presented. 

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Keyword

SCGE

Transportation

General Equilibirum

Spatial General Equilibrium model

nationalekonomi

Economics

Publication and Content Type

vet (subject category)

kon (subject category)