Network Economics pp 91-150 | Cite as

# Spatial Price Equilibrium

Chapter

## Abstract

The concept of a network in economics was implicit as early as in the classical work of Cournot (1838), who not only seems to have first explicitly stated that a competitive price is determined by the intersection of supply and demand curves, but had done so in the context of two spatially separated markets in which the cost of transporting the good between markets was considered.

## Keywords

Variational Inequality Network Equilibrium Bipartite Network Supply Market Spatial Price
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© Springer Science+Business Media Dordrecht 1999