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Recent Advances in Spatial Equilibrium Modelling

Prices and quantities of both stock and flow variables in an economic system are decisively influenced by their spatial coordinates. Any equilibrium state also mirrors the underlying spatial structure and a tatonnement process also incorporates the spatial ramifications of consumer and producer behaviour. The recognition ofthe spatial element in the formation of a general equilibrium in a complex space-economy already dates back to early work of LOsch, Isard and Samuelson, but it reached a stage of maturity thanks to the new inroads made by T. Takayama. This book is devoted to spatial economic equilibrium (SPE) analysis and is meant to pay homage to the founding father of modern spatial economic thinking, Professor Takayama. This book witnesses his great talents in clear and rigorous economic thinking regarding an area where for decades many economists have been groping in the dark. Everybody who wants to study the phenomenon of spatial economic equilibrium will necessarily come across Takayama's work, but this necessity is at the same time a great pleasure. Studying his work means a personal scientific enrichment in a field which is still not completely explored. The present volume brings together recent contributions to spatial equilibrium analysis, written by friends and colleagues of Takayama. The structure of the book is based on four main uses of spatial equilibrium models: (i) the imbedding of spatial flows in the economic environment, related to e.g.
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Table of Contents

I Spatial Equilibrium Theory and Models.- 1 Thirty Years with Spatial and Intertemporal Economics.- 2 Spatial Equilibrium Models: A Survey with Special Emphasis on Transportation.- II Regions, Trade and Transport.- 3 Re-exports in Spatial and Temporal Price and Allocation Models.- 4 Le Chatelier Principle and the Flow Sensitivity of Spatial Commodity Models.- 5 Spatial Equilibrium in Labour Markets.- 6 Modelling the Economic Effects of Environmental Policy Measures Applied to Transport.- 7 The Structure of Airline Equilibrium Networks.- III Public Sector Instruments.- 8 Public Investment Criteria for a Comprehensive Transport System Using an Interregional Input-Output Programming Model.- 9 Spatial Price Equilibrium Models with Discriminatory Ad Valorem Tariffs: Formulation and Comparative Computation Using Variational Inequalities.- 10 A Spatial Price Equilibrium Model for Environmental Policy Analysis of Mobile and Immobile Sources of Pollution.- 11 Congested Roads and General Equilibrium Pigouvian Tax Solutions.- IV Space in General Equilibrium Models.- 12 Linking CGE Models: Modelling the Transport Sector and Spatially Homogeneous Goods.- 13 The Macroeconomic Impact of Traffic Congestion: A CGE Analysis.- 14 Trade, Sensitivity and Feedbacks: Interregional Impacts of the US-Canada Free Trade Agreement.- 15 The Impact of the Conservation Reserve Program on the US Economy: A General Equilibrium Analysis.- V Dynamic Models of Spatial Economies.- 16 Transport Infrastructure and Technology: Investment, Externalities, and General Equilibrium Effects.- 17 Migration Equilibria in Regional Economies: A Multi-Period CGE Analysis of an Improvement in Local Amenities.- 18 Towards a Science of Complexity in Spatial-Economic Systems.- 19 Advances in Spatial Equilibrium Modelling: Retrospect and Prospect.- Contributors.

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