spatial price equilibrium and food webs: the economics of...
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Spatial Price Equilibrium and Food Webs:The Economics of Predator-Prey Networks
Anna Nagurney1 Ladimer S. Nagurney2
1Isenberg School of ManagementUniversity of Massachusetts
Amherst, Massachusetts 01003
2Department of Electrical and Computer EngineeringUniversity of Hartford
West Hartford, Connecticut 06117
Based on paper in the Proceedings of the 2011 IEEEConference on Supernetworks
andSystem Management
May 29-30, 2011, Shanghai, China
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Acknowledgments
This research was supported, in part, by the John F. SmithMemorial Fund and this support is gratefully appreciated.
The authors are grateful to the Engineering Computer Services atthe University of Massachusetts Amherst for setting up ProfessorAnna Nagurney’s Unix system, which was used for the numericalexperiments.
The authors also thank the organizers of this conference for theopportunity to present this research
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Outline
I Background and Motivation
I The Predator-Prey Model
I The Equivalence Between Predator-Prey Networks and SpatialPrice Equilibrium Problems
I Modeling Extensions and Dynamics
I The Algorithm and Numerical Examples
I Summary and Suggestions for Future Research
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Background and Motivation
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Equilibrium is a central concept in numerous disciplines fromeconomics and regional science to operations research /management science and even in ecology and biology.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
In ecology, equilibrium is in concert with the “balance of nature,”in that, since an ecosystem is a dynamical system, we can expectthere to be some persistence or homeostasis in the system (Egerton(1973), Cuddington (2001), and Mullon, Shin, and Cury (2009)).
Equilibrium serves as a valuable paradigm that assists in theevaluation of the state of a complex system.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Equilibrium, as a concept, implies that there is more than a singledecision-maker or agent, who, typically, seeks to optimize, subjectto the underlying resource constraints.
Hence, the formulation, analysis, and solution of such problemsmay be challenging.
Notable methodologies that have been developed over the pastseveral decades that have been successfully applied to the analysisand computation of solutions to a plethora of equilibrium problemsinclude inequality theory and the accompanying theory of projecteddynamical systems (cf. Nagurney (1999) and Nagurney and Zhang(1996) and the references therein).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Variational Inequality Problem
We utilize the theory of variational inequalities for the formulation,analysis, and solution of both centralized and decentralizednetwork problems.
Definition: The Variational Inequality ProblemThe finite-dimensional variational inequality problem, VI(F ,K), isto determine a vector X ∗ ∈ K, such that:
〈F (X ∗)T ,X − X ∗〉 ≥ 0, ∀X ∈ K,
where F is a given continuous function from K to RN , K is a givenclosed convex set, and 〈·, ·〉 denotes the inner product in RN .
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Geometric Interpretation of VI(F ,K) and a ProjectedDynamical System (Dupuis and Nagurney, Nagurney andZhang)
In particular, F (X ∗) is “orthogonal” to the feasible set K at thepoint X ∗.
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Associated with a VI is a Projected Dynamical System, whichprovides the underlying dynamics to the equilibrium.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
It has now been recognized that numerous equilibrium problems asvaried as
I the classical Walrasian price equilibrium problem,
I the classical oligopoly problem,
I the portfolio optimization problem,
I and even migration problems (cf. Nagurney (2003)), which intheir original formulations did not have a network structureidentified, actually possess a network structure.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Also, it has been established, through the supernetwork (cf.Nagurney and Dong (2002)) formalism that supply chain networkproblems, in which decision-makers (be they manufacturers,retailers, or even consumers at demand markets) compete across atier, but necessarily cooperate (to various degrees) between tiers,can be reformulated and solved as (transportation) networkequilibrium problems.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The same holds for complex financial networks with intermediaries(see Liu and Nagurney (2007)).
In addition, the supernetwork framework has even been applied tothe integration of social networks with supply chains (see Cruz,Nagurney, and Wakolbinger (2006)) and with financial networks(cf. Nagurney, Wakolbinger, and Zhao (2006)).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Hence, it is becoming increasingly evident that seemingly disparateequilibrium problems, in a variety of disciplines, can be uniformlyformulated and studied as network equilibrium problems. Suchidentifications allow one to:
1. graphically visualize the underlying structure of systems asnetworks;
2. avail oneself of existing frameworks and methodologies foranalysis and computations, and
3. gain insights into the commonality of structure and behavior ofdisparate complex systems that underly our economies andsocieties.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Nevertheless, although deep connections and equivalences havebeen made (and continue to be discovered) between/amongdifferent systems through the (super)network formalism, thesystems, to-date, have been exclusively of a socio - technical -economic variety.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Here, we take on the challenge of proving the equivalence betweenecological food webs and spatial price equilibrium problems;thereby, providing a foundation for the unification of thesedisparate systems and, in a sense, the fields of economics (andregional science) closer to ecology (and biology).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Supply Chains in Nature
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Predator-Prey Model
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Predator-Prey Network
m
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Prey
Predators
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Figure 1: The bipartite network with directed links representing thepredator-prey problem
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
We briefly review the predator-prey model (cf. Mullon, Shin, andCury (2009)), whose structure is given in Figure 1.
We consider an ecosystem in which there are m distinct types ofprey and n distinct typed of predators with a typical prey speciesdenoted by i and a typical predator species denoted by j .
The biomass of a species i is denoted by Bi ; i = 1, . . . ,m. Ei
denotes the inflow (energy and nutrients) of species i with theautotroph species, that is, the prey, in Figure 1, having positivevalues of Ei ; i = 1, . . . ,m, whereas the predators have Ej = 0;j = 1, . . . , n.
The parameter γi denotes the trophic assimilation efficiency ofspecies i and the parameter µi denotes the coefficient that relatesbiomass to somatic maintenance.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The variable Xij is the amount of biomass of species i preyed uponby species j and we are interested in determining their equilibriumvalues for all prey and predator species pairs (i , j)
The prey equations that must hold are given by:
γiEi = µiBi +n∑
j=1
Xij , 1, . . . ,m. (1)
Equation (1) means that for each prey species i , the assimilatedbiomass must be equal to its somatic maintenance plus theamount of its biomass that is preyed upon.
The predator equations, in turn, are given by:
γj
m∑i=1
Xij = µjBj , j = 1, . . . , n. (2)
Equation (2) signifies that for each predator species j , itsassimilated biomass is equal to its somatic maintenance (which isrepresented by its coefficient µj times its biomass).
Equations (1) and (2) may be interpreted as conservation of flowequations, in network parlance, but from a biomass perspective.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
In addition, there is a parameter φij ; 1, . . . ,m; j = 1, . . . , n, whichreflects the distance (note the spatial component) betweendistribution areas of prey i and predator j , with this parameter alsocapturing the transaction costs associated with handling andingestion.
According to Mullon, Shin, and Cury (2009), the predation costbetween prey i and predator j , denoted by Fij , is given by:
Fij = φij − κiBi + λjBj , i = 1, . . . ,m; j = 1, . . . , n, (3)
where −κiBi represents the easiness of predation due to theabundance of prey Bi and λjBj denotes the intra-specificcompetition of predator species j . We group the species biomassesand the biomass flows intro the respective m + n and mndimensional vectors B∗ and X ∗.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Definition 1: Predator-Prey Equilibrium ConditionsA biomass and flow pattern (B∗,X ∗), satisfying constraints (1) and(2), is said to be in equilibrium if the following conditions hold foreach pair of prey and predators (i , j); i = 1, . . . ,m; j = 1, . . . , n:
Fij
{= 0, if X ∗
ij > 0,
≥ 0, if X ∗ij = 0.
(4)
These equilibrium conditions reflect that, if there is a biomass flowfrom i to j , then there is an “economic” balance between theadvantages (κiBi ) and the inconveniences of predation (φij +λjBj).
Observe that, in view of (1), (2), and (3), we may writeFij = Fij(X ), ∀i , j .
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The predator prey equilibrium conditions (4) may be formulated asa variational inequality problem, as given below.
Theorem 1A biomass flow pattern X ∗ ∈ Rmn
+ is an equilibrium according toDefinition 1 if and only if it satisfies the variational inequalityproblem:
m∑i=1
n∑j=1
κi
µi
n∑j=1
X ∗ij −
κi
µiγiEi + φij +
λjγj
µj
m∑i=1
X ∗ij
×[Xij − X ∗
ij
]≥ 0,
∀X ∈ Rmn+ . (5)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Proof: Note that
Fij(X ) =κi
µi
n∑j=1
Xij −κi
µiγiEi + φij +
λjγj
µj
m∑i=1
Xij . (6)
We first establish necessity. From (4) we have thatκi
µi
n∑j=1
X ∗ij −
κi
µiγiEi + φij +
λjγj
µj
m∑i=1
X ∗ij
×[Xij − X ∗
ij
]≥ 0, ∀Xij ≥ 0,
(7)since, if X ∗
ij > 0, then the left-hand-side of equation (7) prior tothe multiplication sign is zero, since the equilibrium conditions (4)are assumed to hold, and, hence, the inequality in (7) holds; on theother hand, if X ∗
ij = 0, then both the expression before themultiplication sign in (7) (due to the equilibrium conditions) isnonnegative as is the one after the multiplication sign (due to theassumption of the nonnegativity of the biomass flows), and theresult in (7) also follows. Summing now (7) over all prey species iand over all predator species j yields the variational inequality (5).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
In order to prove sufficiency, we proceed as follows. Assume thatvariational inequality (5) holds. Set Xkl = X ∗
kl for all kl 6= ij andsubstitute into (5), which yields:κi
µi
n∑j=1
X ∗ij −
κi
µiγiEi + φij +
λjγj
µj
m∑i=1
X ∗ij
×[Xij − X ∗
ij
]≥ 0, ∀Xij ≥ 0,
(8)from which equilibrium conditions (4) follow with note of (6). �
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Equivalence Between Predator-Prey Problemsand
Spatial Price Equilibria
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Spatial Price Equilibrium Problem
We now briefly recall the spatial price equilibrium problem. For avariety of spatial price equilibrium models, we refer the interestedreader to Nagurney (1999).
There are m supply markets and n demand markets involved in theproduction / consumption of a homogeneous commodity. Denote atypical supply market by i and a typical demand market by j .
Let si denote the supply of the commodity associated with supplymarket i and let πi denote the supply price of the commodityassociated with supply market i .
Let dj denote the demand associated with demand market j andlet ρj denote the demand price associated with demand market j .Group the supplies into the vector s ∈ Rm and the demands intothe vector d ∈ Rn.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Let Qij denote the nonnegative commodity shipment between thesupply and demand market pair (i , j) and let cij denote thenonnegative unit transaction cost associated with trading thecommodity between (i , j).
Assume that the transaction cost includes the cost oftransportation. Group the commodity shipments into the vectorQ ∈ Rmn
+ .
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The following feasibility (conservation of flow equations) musthold: For every supply market i and each demand market j :
si =n∑
j=1
Qij (9)
and
dj =m∑
i=1
Qij . (10)
Let K denote the closed convex set whereK≡{(s,Q, d)|Q ∈ Rmn
+ and (9) (10) hold}.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Definition 2: Spatial Price EquilibriumThe spatial price equilibrium conditions, assuming perfectcompetition take, the following form: for all pairs of supply anddemand markets (i , j) : i = 1, . . . ,m; j = 1, . . . , n:
πi + cij
{= ρj , if Q∗
ij > 0
≥ ρj , if Q∗ij = 0.
(11)
These conditions are due to Samuelson (1952) and Takayama andJudge (1971).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The supply price associated with any supply market may dependupon the supply of the commodity at every supply market, that is,
πi = πi (s), i = 1, . . . ,m, (12)
where each πi is a known continuous function.
The demand price associated with a demand market may dependupon, in general, the demand of the commodity at every demandmarket, that is,
ρj = ρj(d), j = 1, . . . , n, (13)
where each ρj is a known continuous function.
The unit transaction cost between a pair of supply and demandmarkets may, in general, depend upon the shipments of thecommodity between every pair of markets, that is,
cij = cij(Q), i = 1, . . . ,m; j = 1, . . . , n, (14)
where each cij is a known continuous function.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Theorem 2: Variational Inequality Formulation of SpatialPrice EquilibriumA commodity production, shipment, and consumption pattern(s∗,Q∗, d∗) ∈ K is in equilibrium if and only if it satisfies thevariational inequality problem:
m∑i=1
n∑j=1
πi (s∗)× (si − s∗i ) +
m∑i=1
n∑j=1
cij(Q∗)× (Qij − Q∗
ij )
−n∑
j=1
ρj(d∗)× (dj − d∗j ) ≥ 0, ∀(s,Q, d) ∈ K . (15)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
We now state our main result.
Theorem 3: Equivalence Between Predator-Prey Equilibriaand Spatial Price EquilibriaAn equilibrium biomass flow pattern satisfying equilibriumconditions (4) coincides with an equilibrium commodity shipmentpattern satisfying equilibrium conditions (11).
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Proof: We establish the equivalence by utilizing the respectivevariational inequalities (5) and (15). First, we note that (5) maybe expressed as: determine X ∗ ∈ Rmn
+ such that
m∑i=1
κi
µi
n∑j=1
X ∗ij −
κi
µiγiEi
×
n∑j=1
Xij −n∑
j=1
X ∗ij
+m∑
i=1
n∑j=1
φij×(Xij−X ∗ij )+
n∑j=1
λjγj
µj
m∑i=1
X ∗ij
×[m∑
i=1
Xij −m∑
i=1
X ∗ij
]≥ 0, ∀X ∈ Rmn
+ .
(16)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Letting now:Qij ≡ Xij , ∀i , j ,
it follows then that si =∑n
j=1 Qij =∑n
j=1 Xij anddj =
∑mi=1 Qij = Xij , for all i , j , in which case we may rewrite (16)
as: determine (s∗,Q∗, d∗) ∈ K such that
m∑i=1
[κi
µis∗i −
κi
µiγiEi
]× [si − s∗i ] +
m∑i=1
n∑j=1
φij × (Qij − Q∗ij )
+n∑
j=1
[λjγj
µjd∗j
]×
[dj − d∗j
]≥ 0, ∀(s,Q, d) ∈ K . (17)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Letting now:
πi (s) ≡κi
µisi −
κi
µiγiEi , i = 1, . . . ,m; (18)
cij(Q) ≡ φij , i = 1, . . . ,m; j = 1, . . . , n; (19)
and
ρj(d) ≡ −λjγj
µjdj , j = 1, . . . , n, (20)
we conclude that, indeed, a biomass equilibrium pattern coincideswith a spatial price equilibrium pattern. �
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The above equivalence provides a novel interpretation of thepredator-prey equilibrium conditions in that there will be a positiveflow of biomass/commodity from a supply market (prey species) toa demand market (predator species) if the supply price (or value ofthe biomass/commodity) plus the unit transaction cost is equal tothe demand price that consumers (predators) are willing to “pay.”
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
We provide an alternative variational inequality to (15) whichcaptures product differentiation in predator-prey networks.Specifically, we define differentiated demand price functions ρij ,which reflect the demand price associated with demand (predator)market j for supply (prey) market i , such that
ρij(Q) ≡ −λjγj
µj
m∑i=1
Qij +κi
µiγiEi , ∀i , j . (21)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The following result is immediate, with notice to (5), (21), andthat Qij ≡ Xij , ∀i , j , and with πi (s) ≡ κi
µisi , ∀i :
Corollary 1: Alternative Variational Inequality Formulation ofPredator-Prey Equilibrium as a Network Equilibrium withProduct DifferentiationAn equilibrium biomass flow pattern satisfying equilibriumconditions (4) coincides with an equilibrium commodity shipmentpattern with differentiated product prices with the variationalinequality formulation: determine (s∗,Q∗) with Q ∈ Rmn
+ and (9)satisfied, such that
m∑i=1
πi (s∗)× [si − s∗i ] +
m∑i=1
n∑j=1
[φij − ρij(Q∗)]×
[Qij − Q∗
ij
]≥ 0,
∀(s,Q) such that Q ∈ Rmn+ and (9) holds. (22)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Modeling Extensions and Dynamics
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
We exploit the connection between sets of solutions to variationalinequality problems and sets of solutions to projected dynamicalsystems. In so doing, a natural dynamic adjustment processbecomes:
Qij = max{0, ρj(d)− cij(Q)− πi (s))}, ∀i , j . (23)
Letting Fij=πi (s) + cij(Q)− ρj(d), ∀i , j , we can write thefollowing pertinent ordinary dofferential equation (ODE) for theadjustment process of commodity (biomass) shipments in vectorform as (see also Nagurney and Zhang (1996)):
Q = ΠK (Q,−F (Q)), (24)
where F is the vector with components Fij ; i = 1, . . . ,m;j = 1, . . . , n and
ΠK (x , v) = limδ→0
(PK (x + δv)− x)
δ, (25)
wherePK (x) = arg min
z∈K‖x − z‖. (26)
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
A stability result (see Nagurney and Zhang (1996)):
Theorem 4Suppose that (s∗,Q∗, d∗) is a spatial price equilibrium according toDefinition 2 and that the supply price functions π, the transactioncost functions c, and the negative demand price functions ρ are(locally) monotone, respectively, at s∗,Q∗, and d∗. Then(s∗,Q∗, d∗) is a globally monotone attractor (monotone attractor)for the adjustment process solving ODE (24).
Stronger results, including stability analysis results, can be obtainedunder strict as well as strong monotonicity of these functions.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The Algorithm and Numerical Examples
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
We used the Euler method, which is induced by the generaliterative scheme of Dupuis and Nagurney (1993) and which hasbeen applied to solve spatial price equilibrium problem as projecteddynamical systems (cf. Nagurney, Takayama, and Zhang (1997)and Nagurney and Zhang (1996), where convergence results mayalso be found).
The Euler method was initialized with a nonnegative commodityshipment pattern and then, at each iteration τ , we computed thecommodity shipments for all pairs of supply and demand marketsaccording to the formula:
Qτ+1ij = max{0, aτ (ρj(d
τ )− cij(Qτ )− πi (s
τ )) + Qτij }, (27)
i = 1, . . . ,m; j = 1, . . . , n.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The algorithm was considered to have converged to a solutionwhen the absolute value of each of the successive commodityshipment iterates differed by no more than ε = 10−5. We utilizedthe sequence aτ = .1{1, 1
2 , 12 , . . .}, which satisfies the requirements
for convergence of the Euler method. The computer system usedwas a Unix-based system at the University of MassachusettsAmherst. The Euler method was implemented in FORTRAN.
In order to appropriately depict reality of predator-prey ecosystems,we utilized parameters, in ranges, as outlined in Mullon, Shin, andCury (2009). The computed equilibrium biomass flows for all thenumerical examples are given in Table 1.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
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Figure 2: The network for the numerical examples
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Example 1
This example consisted of two prey species and three predatorspecies.
The parameters for prey species 1 were: κ1 = .10, µ1 = .50, andγ1 = 1.00, with E1 = 1, 000. The parameters for prey species 2were: κ2 = .10, µ2 = 1.00, and γ2 = 1.00, with E2 = 1, 000.These values resulted in supply price functions given by:
π1 = .2s1 − 100, π2 = .1s2 − 100.
The unit transaction costs were:
φ11 = .10, φ12 = .20, φ13 = .30,
φ21 = .15, φ22 = .10, φ23 = .20.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The parameters for the predators were: for predator 1: λ1 = .02,µ1 = .20, and γ1 = .10; for predator 2: λ2 = .04, µ2 = .20, andγ2 = .20. The parameters for predator 3 were: λ3 = .02, µ3 = .2,and γ3 = .1.
These parameters resulted in demand price functions given by:
ρ1 = −.01d1, ρ2 = −.04d2, ρ3 = −.01d3.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Examples 2 and 3
The second example had the same data as Example 1 except thatnow we considered unit transaction cost functions that capturedcongestion (as in the model extension in Section 4). the unittransaction cost functions were now:
φ11 = .01Q11 + .1, φ12 = .02Q12 + .2, φ13 = .01Q13 + .3,
φ21 = .03Q21 + .15, φ22 = .04Q22 + .1, φ23 = .01Q23 + .2.
Example 3Example 3 had the same supply price function and unit transactioncost data as Example 1 but here we considered the interestingscenario identified in Mullon, Shin, and Cury (2009) whereλj = 0.00 for all predators j . This scenario results in all thedemand price functions to be identically equal to 0.00. Thecomputed solution for this Example is also given in Table 1.
The computed solutions are given in Table 1.Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
The computed equilibrium commodity/biomass flow patterns forthe examples.
Table 1: Equilibrium Solutions for the Examples
(i , j) Q∗ij Example 1 Example 2 Example 3
(1, 1) Q∗11 429.61 454.83 341.08
(1, 2) Q∗12 110.81 122.85 332.97
(1, 3) Q∗13 416.66 361.72 324.95
(2, 1) Q∗21 405.34 246.49 332.73
(2, 2) Q∗22 101.32 114.67 334.59
(2, 3) Q∗23 407.62 496.85 331.18
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
Summary and Suggestions for Future Research
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
• In this paper we established the equivalence between twonetwork systems occurring in entirely different disciplines – inecology and biology with economics and regional science.
• We proved the equivalence of the governing equilibriumconditions of predator-prey systems with spatial price equilibriumproblems through their corresponding variational inequalityformulations.
• Through this connection, we then unveiled natural extensions ofthe bipartite prey-predator network model, including a dynamicversion.
• We provided both theoretical results as well as numericalexamples.
• We can expect continuing research in network equilibrium modelsof complex food webs in the future.
Anna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs
THANK YOU!
For more information, see: http://supernet.som.umass.eduAnna and Ladimer S. Nagurney Spatial Price Equilibrium and Food Webs