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presents an overlapping-generations model of environmental externalities and capital accumulation: consumption of the old …
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Our objective is twofold. First, we show why there is a spatial question in economic theory - why a free competitive … and simple model, we review what has been accomplished in economic theory during the 1990s when due allowance is given to …
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We discuss general equilibrium effects of endowment changes in a small open and competitive economy with scale diseconomies. We argue that adverse Rybczynski effects may be observed when inputs are both superior and gross substitutes in the aggregate. The analysis is based on cost functions and...
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