Traditional spatial equilibrium models have assumed that markets are either perfectly competitive or monopolistic. In this paper, a generalized spatial equilibrium model is developed which allows for any degree of market conduct from perfect competition to monopoly. The model incorporates a...

A generalization of Takayama and Judge's spatial equilibrium model that allows for any degree of market structure is presented. The model is applied to the Japanese dairy industry to examine interregional milk movements generated under alternative assumed degrees of market competition. The...

In this article, a spatial equilibrium model that allows for the inclusion of any degree of market structure from perfect competition to monopoly is developed and applied to the U.S. dairy industry. This model is used to simulate possible Class I premiums, which could be negotiated by U.S. dairy...