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This paper suggests that important improvements in the Genuine Progress Indicator (GPI) can be made by including government provisions of health care and education, and by directly calculating the contribution of natural resources and leisure, and adjusting for inequality, using a global norm...
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airport-pairs to reject both conducts consistent with the Bertrand outcome, which is equivalent to perfect competition, and … the presence of low-cost competition in an airport-pair reduces the average fare significantly …
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