In a footnote in his article "Spatial Price Equilibrium and Linear Programming" (The American Economic Review 1952), P.A. Samuelson points to works of Dr. Martin Beckman (Cowles Commission Memoranda) dealing with the case of continuous markets located everywhere in the plane. He also gives a short outline of "the basing point controversy" in another footnote. Samuelson's article (and W.A. Duerr's textbook "Forest Resource Economics 1993) may well form a "point of departure" for my search. I guess the above mentioned memoranda are still relevant. Is there anyone out there who can tell me how to (possibly) order these memoranda? And if there are (easier accessible) later articles covering the same subject, I would like to know. I guess there must be several works on delivered pricing vs local pricing. First of all, I am interested in the sawlog market, and the efficiency and distribution effects of different pricing systems. I would like to map considerations on how different price systems and related transport costs affect the possibility to form more or less efficient sawlog markets, e.g. in some kind of a futures markets setting. Sjur Baardsen Department of Forest Sciences Agricultural University of Norway
Mail converted by
MHonArc 1.1.0