• DocumentCode
    1830697
  • Title

    Spatial price equilibrium and food webs: The economics of predator-prey networks

  • Author

    Nagurney, Anna ; Nagurney, Ladimer S.

  • Author_Institution
    Dept. of Finance & Oper. Manage., Univ. of Massachusetts, Amherst, MA, USA
  • Volume
    5
  • fYear
    2011
  • fDate
    13-15 May 2011
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    In this paper, we prove that the equilibrium of predator-prey networks is, in fact, a spatial price equilibrium. This result demonstrates the underlying economics of predator-prey relationships and interactions and provides a foundation for the formulation and analysis of complex food webs, which are nature´s supply chains, through the formalism of network equilibrium. Moreover, it rigorously links the equilibrium conditions of commodity networks in which a product is produced, transported, and consumed, with those of ecological networks in which prey are consumed by predators.
  • Keywords
    commodity trading; economics; predator-prey systems; pricing; commodity network; ecological network; food web; nature supply chain; predator-prey network; spatial price equilibrium; Biomass; Equations; Manganese; Mathematical model; Predator prey systems; Supply and demand; ecological networks; economics of biological systems; food chains; food webs; network economics; network equilibrium; networks; operations research; predator-prey models; regional science; spatial price equilibrium; supernetworks; supply chains; transportation;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Business Management and Electronic Information (BMEI), 2011 International Conference on
  • Conference_Location
    Guangzhou
  • Print_ISBN
    978-1-61284-108-3
  • Type

    conf

  • DOI
    10.1109/ICBMEI.2011.5914417
  • Filename
    5914417