LOCATION AND SPATIAL PRICING FOR PUBLIC FACILITIES |
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Authors: | Meng-Hua Ye Anthony M. Yezer |
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Affiliation: | Department of Economics, St. Mary's College, St. Mary's City, MD 20686;Department of Economics, George Washington University, Washington, D. C. 20052 |
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Abstract: | ABSTRACT. Past analysis of public facility location has generally assumed a single goal, such as cost minimization or welfare maximization, and exogenous spatial pricing. This paper considers optimal facility location under a variety of goals. Furthermore, the facility manager is allowed to engage in freight absorption so that the delivered price to consumers need not reflect actual transportation costs. A systematic interaction among management goals, freight absorption, and the optimal size and spacing of public facilities is found. |
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