Market equilibrium in a multistage commodity network
type: Item
instance of: scholarly article
title: Market equilibrium in a multistage commodity network
zbMATH Open document ID: 0573.90110
DOI: 10.1016/0005-1098(85)90007-X
author: Michèle Breton
author: Alain Haurie
published in: Automatica
publication date: 1985-01-01T00:00:00Z
review text: This paper deals with a class of games defined on a network flow model. The network represents the transformation process of a commodity from its extraction to its final form through the successive stages of the production system. This could represent for example, the flow of energy from extraction to end-use demand, or the flow of any natural resource (like phosphate rock) from the extraction to the selling of the final products on the market. We assume that the nodes of the network correspond to different players. A definition of market equilibrium is proposed and characterized through a dynamic programming approach. The case where the players are organized in a coalition structure is also considered. An illustration of this modelling of commodity market equilibria is given for affine demand laws and quadratic transformation costs.
Mathematics Subject Classification ID: 91A40
Mathematics Subject Classification ID: 90B10
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91A12
Mathematics Subject Classification ID: 90C39
zbMATH DE Number: 3916062
zbMATH Keywords: multistage commodity network
zbMATH Keywords: games defined on a network flow model
zbMATH Keywords: market equilibrium
zbMATH Keywords: coalition structure
describes a project that uses: MARKAL
MaRDI profile type: Publication
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full work available at URL: 0005-1098(85)90007-x
OpenAlex ID: W2088875429
description: scientific article; zbMATH DE number 3916062