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
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;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5914417