This paper investigates whether the presence of college increases house prices and the tax base. Colleges provide cultural and recreational amenities to the surrounding area but lifestyle choices of students may create negative externalities that depress property prices. In addition, colleges...

This paper introduces the rest of this issue of Economic Systems Research, which is dedicated to the contributions of Sir Richard Stone, Michael Bacharach, and Philip Israilevich. It starts out with a brief history of biproportional techniques and related matrix balancing algorithms. We then...

Recent work by Jackson (1998) subtly pointed out a means of forming direct input coefficient matrices from national technology that is different from that published elsewhere. In this paper, I rationalize his approach and also point out that prior approaches may still be useful in certain...

A wide range of approaches are available for classifying coefficients according to their importance to an economy. The 'tolerable limits' approach is one that has been extensively written about. Nevertheless, it seems unsuitable for assessing the overall importance of a coefficient to an...

This paper is dedicated to the contributions of Sir Richard Stone, Michael Bacharach, and Philip Israilevich. It starts out with a brief history of biproportional techniques and related matrix balancing algorithms. We then discuss the RAS algorithm developed by Sir Richard Stone and others. We...