This study discusses the reasons for market failure and its bias in an economy with two cities and two final goods: tradeable differentiated products and non-tradeable housing. It is shown that inside the city, as in Dixit and Stiglitz (1977), diversity (number of firms) is too small. With...

I consider the research university from a complex adaptive systems perspective, and offer some modest proposals for the university of the future-a student-based complex adaptive learning community in which both feedback and transdisciplinary problem-oriented Centers play central roles. <p> <p> To...</p></p>

[fre] Un changement de la valeur de la terre associé à un projet d'investissement peut donner, selon la littérature existante à ce sujet, une estimation faussée du vrai bénéfice social qui est une source potentielle de l'échec du marché (market failure). Cet article est consacré à...