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Arguably the greatest challenge to contemporary research is to capture the inter-relatedness and complexity of the real world environment within models so at to better inform decision makers of the accurate and complete consequences of differing options. The paper presents an integrated model of...
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We study the optimal and equilibrium distribution of industrial and residential land in a given region. The trade-off between the agglomeration and dispersion forces, in the form of pollution from stationary forces, environmental policy, production externalities, and commuting costs, determines...
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