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Today the land economists of yore have either gone to their reward or else been transmuted into resource economists who, with a few exceptions, spend their time in airy disputations about externalities, shadow prices and the choice of appropriate discount rates to be applied to future benefits...
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Government intervention changes the allocation of resources through effects on input and output prices. While explicit forms of intervention have been the subject of many studies, implicit forms of intervention have been given much less attention. The price and output policies pursued by public...
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