The power of these models is their ability to provide reasonable firm-level detail (such as network structure) and simultaneously explicitly aggregate individual decisions up to a market (and even economy) level. Reviews a number of the existing network equilibrium models. Discusses models that allow for multiple carrier and shipper firms, making simultaneous supply and demand decisions. Reviews some tests of the application of 2 of these models to problems of rail-water competition and to the production of coal movements in the US.-from Editor Sch of Eng & Applied Sci, Univ of Pennsylvania, Philadelphia, PA, USA.
All Science Journal Classification (ASJC) codes
- Environmental Science(all)
- Earth and Planetary Sciences(all)