As applied to locational analysis, an equilibrium represents a balance among interdependent location forces. Path dependency Reference to effects of past commitments or acquired knowledge on subsequent actions and decisions. The mill price at one location determines the delivered price at all locations regardless of the plant from which delivery is actually made.
Pecuniary benefits result from price changes in response to market forces.
It provides greater flexibility by requiring that any development meet specified performance standards, rather than meeting detailed requirements as to allowed uses and the characteristics of those uses. The flexibility allowed by performance zoning should allow greater opportunity for market forces to affect land use and thus provide for greater economic efficiency. Markets which meet at designated locations in periodic intervals. Plus A form of spatial price discrimination based on oligopolistic collusion. The mill price at one location determines the delivered price at all locations regardless of the location of the plant from which delivery is actually made.