- Hager, William W. and Garg, Devendra P., DYNAMICS OF A NON-LINEAR SPATIAL TRADE MODEL.,
International Journal of Systems Science, vol. 3 no. 4
pp. 427 - 438 .
(last updated on 2007/04/10)
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.
ECONOMICS - Mathematical Models;MARKETING - Mathematical Models;SYSTEM STABILITY - Criteria;