Papers Published

1. Hager, William W. and Garg, Devendra P., DYNAMICS OF A NON-LINEAR SPATIAL TRADE MODEL., International Journal of Systems Science, vol. 3 no. 4 (1972), pp. 427 - 438 .
   (last updated on 2007/04/10)

   Abstract:
   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.

   Keywords:
   ECONOMICS - Mathematical Models;MARKETING - Mathematical Models;SYSTEM STABILITY - Criteria;