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Article: Solving Over-production and Supply-guarantee Problems in Economic Equilibria

TitleSolving Over-production and Supply-guarantee Problems in Economic Equilibria
Authors
KeywordsSupply-guarantee
Over-production
Spatial price equilibrium
Implicit complementarity problem
Direct method
Issue Date2011
Citation
Networks and Spatial Economics, 2011, v. 11, n. 1, p. 127-138 How to Cite?
AbstractThe 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 Identifierhttp://hdl.handle.net/10722/251254
ISSN
2020 Impact Factor: 2.538
2020 SCImago Journal Rankings: 0.983
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorHe, Bing sheng-
dc.contributor.authorXu, Wei-
dc.contributor.authorYang, Hai-
dc.contributor.authorYuan, Xiao Ming-
dc.date.accessioned2018-02-01T01:55:02Z-
dc.date.available2018-02-01T01:55:02Z-
dc.date.issued2011-
dc.identifier.citationNetworks and Spatial Economics, 2011, v. 11, n. 1, p. 127-138-
dc.identifier.issn1566-113X-
dc.identifier.urihttp://hdl.handle.net/10722/251254-
dc.description.abstractThe 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.languageeng-
dc.relation.ispartofNetworks and Spatial Economics-
dc.subjectSupply-guarantee-
dc.subjectOver-production-
dc.subjectSpatial price equilibrium-
dc.subjectImplicit complementarity problem-
dc.subjectDirect method-
dc.titleSolving Over-production and Supply-guarantee Problems in Economic Equilibria-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1007/s11067-008-9095-2-
dc.identifier.scopuseid_2-s2.0-79953058838-
dc.identifier.volume11-
dc.identifier.issue1-
dc.identifier.spage127-
dc.identifier.epage138-
dc.identifier.eissn1572-9427-
dc.identifier.isiWOS:000288713800007-
dc.identifier.issnl1566-113X-

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