PRICE-LINKED FARM AND SPATIAL EQUILIBRIUM MODELS

Author

Robert L. Batterham and T. Gordon MacAulay

Australian Journal of Agricultural Economics, 1994, vol. 38, issue 02

Abstract: The integration of detailed farm supply models with the basic spatial equilibrium model, is outlined. The direct linking of farm linear programming models with the spatial equilibrium model is achieved so that both prices and quantities are endogenous. Both the farm model and the spatial equilibrium model must be specified in primal-dual form to make the linkages. Limited details of the use of such a model in a study of a segment of the grain handling system in New South Wales are presented along with conclusions relating to the pricing of grain handling services.

Keywords: Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 1994
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