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- Publisher Website: 10.1007/s11067-008-9095-2
- Scopus: eid_2-s2.0-79953058838
- WOS: WOS:000288713800007
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Article: Solving Over-production and Supply-guarantee Problems in Economic Equilibria
Title | Solving Over-production and Supply-guarantee Problems in Economic Equilibria |
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Authors | |
Keywords | Supply-guarantee Over-production Spatial price equilibrium Implicit complementarity problem Direct method |
Issue Date | 2011 |
Citation | Networks and Spatial Economics, 2011, v. 11, n. 1, p. 127-138 How to Cite? |
Abstract | The classical Spatial Price Equilibrium of economic markets may result in over-production at supply markets and under-supply at demand markets. This paper considers the policy instruments of levying taxes at supply markets to avoid over-production and granting subsidy for traders to guarantee supply at demand markets. The decision process of determining appropriate rates of tax and subsidy is characterized by an implicit complementarity problem. Consequently, a direct type algorithm is applied to solve the complementarity model. Preliminary numerical results are also reported. © 2009 Springer Science+Business Media, LLC. |
Persistent Identifier | http://hdl.handle.net/10722/251254 |
ISSN | 2023 Impact Factor: 1.6 2023 SCImago Journal Rankings: 0.595 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | He, Bing sheng | - |
dc.contributor.author | Xu, Wei | - |
dc.contributor.author | Yang, Hai | - |
dc.contributor.author | Yuan, Xiao Ming | - |
dc.date.accessioned | 2018-02-01T01:55:02Z | - |
dc.date.available | 2018-02-01T01:55:02Z | - |
dc.date.issued | 2011 | - |
dc.identifier.citation | Networks and Spatial Economics, 2011, v. 11, n. 1, p. 127-138 | - |
dc.identifier.issn | 1566-113X | - |
dc.identifier.uri | http://hdl.handle.net/10722/251254 | - |
dc.description.abstract | The classical Spatial Price Equilibrium of economic markets may result in over-production at supply markets and under-supply at demand markets. This paper considers the policy instruments of levying taxes at supply markets to avoid over-production and granting subsidy for traders to guarantee supply at demand markets. The decision process of determining appropriate rates of tax and subsidy is characterized by an implicit complementarity problem. Consequently, a direct type algorithm is applied to solve the complementarity model. Preliminary numerical results are also reported. © 2009 Springer Science+Business Media, LLC. | - |
dc.language | eng | - |
dc.relation.ispartof | Networks and Spatial Economics | - |
dc.subject | Supply-guarantee | - |
dc.subject | Over-production | - |
dc.subject | Spatial price equilibrium | - |
dc.subject | Implicit complementarity problem | - |
dc.subject | Direct method | - |
dc.title | Solving Over-production and Supply-guarantee Problems in Economic Equilibria | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1007/s11067-008-9095-2 | - |
dc.identifier.scopus | eid_2-s2.0-79953058838 | - |
dc.identifier.volume | 11 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | 127 | - |
dc.identifier.epage | 138 | - |
dc.identifier.eissn | 1572-9427 | - |
dc.identifier.isi | WOS:000288713800007 | - |
dc.identifier.issnl | 1566-113X | - |