An economic equilibrium model on a multicommodity network
Shu‐Cherng Fang, Elmor L. Peterson · International Journal of Systems Science · 1985
The paper considers a multicommodity network transhipment model involving producers, consumers, goods and transportation facilities. An equilibrium system of prices, supplies, demands and shipments is studied. In parallel with the work of Fang and Peterson (1983), the work introduces the convex programming and variational inequality approaches. Existence and uniqueness conditions under various monotonicity assumptions are derived. An application to private ownership economies is included. Some computational algorithms are also discussed.