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  • Blackwell Publishing Ltd  (11,647)
  • 2020-2023
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  • 1981  (3,915)
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  • 2020-2023
  • 1995-1999
  • 1990-1994  (7,732)
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  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 45 (1993), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper outlines the development and exposits some of the central ideas and implications of asymmetric information in the credit market.
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  • 2
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 45 (1993), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper uses a unique data set of unemployed semi-skilled workers to examine the relationship between reservation wages and the decision to queue for a union sector job. Estimation of selected reservation wage equations indicates that the failure of all previous estimates to model the queuing decision results in biased coefficients. Those workers who queue for a union job are subject to a distinct reservation wage formation process which differs from those not queuing. Moreover, a structural estimate of the queuing decision demonstrates that workers with the greatest differences between estimated reservation wages in the union and non-union sector are the most likely to queue. This estimate of the queuing decision stands as one of the few which focus on unemployed workers. Among other results, women and minorities are more likely to queue for union jobs, all else equal.
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  • 3
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 45 (1993), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A credit market is introduced into an IS-LM model with wealth effects and the government budget constraint explicitly considered, The model is able to handle issues such as a credit market shock that would be impossible to examine in standard models without a credit market. The analysis of more standard policies or shocks is enhanced by recognition of the role of the credit market, thus supporting the view that such recognition is both feasible and warranted.
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  • 4
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 45 (1993), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A two-period macroeconomic model where consumption and investment decisions are given microeconomic foundations is presented. The model is used to analyse the effects of both current and anticipated fiscal expansion; careful attention is paid to the implications of the government's intertemporal budget constraint. It is shown that anticipated fiscal expansion may, in certain circumstances, be expansionary. Also, current fiscal expansion, if financed by bonds which are retired through future money creation, may be contractionary.
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  • 5
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 45 (1993), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The results found here indicate that American labor does influence importantly the level of imports and exports of manufactures in the US. In particular, imports tend to be lower and exports tend to be higher in those industries in which higher skilled American workers are used more abundantly. Moreover, labor efficiency and productivity also influence inversely the level of imports and directly the level of exports.
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  • 6
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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  • 7
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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  • 8
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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  • 9
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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  • 10
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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  • 11
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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  • 12
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    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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  • 13
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    Bulletin of economic research 33 (1981), S. 0 
    ISSN: 1467-8586
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    Topics: Economics
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  • 14
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Average monthly price data from twelve hinterland markets and the Houston port price for wheat are studied in a cointegration framework using the Engle-Granger “two-step” procedure and Johansen's maximum likelihood procedure. Out-of-sample forecasts from an error correction model are compared to those from a vector autoregression fit to levels and a univariate autoregression fit to first differences. This comparison suggests that modeling these (cointegrated) data as a levels vector autoregression, rather than as an error-correction process, results in significantly higher error bias, but lower error variance, at long horizons.
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  • 15
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . This paper departs from earlier work on location theory under uncertainty by considering an oligopoly case where the symmetric Cournot-Nash equilibrium of imperfectly competitive and identical firms are examined. It will be shown that once a Cournot competitive equilibrium is introduced, the demand function plays a central role in the choice of location, and the effects of changes in fixed costs, mean product price and price variability on the firm's optimum location and output are independent of absolute and/or relative risk aversion. These striking results are in sharp contrast with the well-known results obtained in previous contributions to the location literature.
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  • 16
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
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  • 17
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Economies of scale, transportation costs, and factor mobility can interact to produce agglomerations even in the absence of any pure external economies. This paper offers a monopolistic competition model of a city that serves an agricultural hinterland; unlike most analyses in location theory, the model is fully general equilibrium, but it has strong links to older concepts in geography, notably the idea of “market potential.” The analysis shows that the forward and backward linkages that hold a population concentration together also allow that concentration to occur in a variety of possible sites—that is, there are multiple equilibria (indeed a continuum) for metropolitan location.
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  • 18
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . This paper examines two-dimensional price competition on a plane, with a block metric and a square grid of main roadways. One store is located at each intersection of main roadways. Consumer locations include a uniform distribution over the plane, linear concentrations along main roadways, and point concentrations at intersections. Bertrmd-Nash mill price competition is examined first. The equilibrium price depends on the relative numbers of consumers in the three types of locations (and on travel costs per mile and the spacing between stores). If too many consumers are in each point concentration, then the price equilibrium is undermined by a high-price strategy or by mill-price undercutting. Spatial competition with price discrimination is examined next, and compared to Bertrand-Nash mill price competition.
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  • 19
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Real variable analysis has een used to great benefit in a variety of classical problems in location theory. In this paper we explore basic complex variable techniques in one formulation of the obnoxious location problem. A general definition of center points is first given and used to formulate several alternate versions of the obnoxious location problem. A logarithmic transformation is then used to demonstrate some equivalences between these families of distinct location problems (defined via center points). A prototype logarithmic potential function which results from this formulation is then investigated, and it is demonstrated that the extremal solutions with this objective reside on the boundary of its domain of definition. An application using zero- and one-dimensional centers is discussed, and a generalization to the spatial obnoxious problem is also briefly examined. We define a zero-dimensional center as a critical point of the logarithmic potential function, and it is shown that these centers are equivalent to the solutions of the Complex Moment Problem.
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  • 20
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Kraybill and Dorfman (1992) propose a model of intermediate and export demand which uses ordinary least-squares and linear systems techniques to produce a state-space representation of the time element of output change. Their model produces dynamic multipliers which trace the temporal path of regional growth, and has many advantages over previously employed time series methods. This study extends their methodology to accommodate structural shifts and outliers found in the least-squares relationship between industry and export output by using a recently-introduced technique–multiprocess mixture estimation. An application of the Kraybill-Dorfman method and the extensions proposed here to monthly time series data on Ohio employment is used to illustrate these issues.
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  • 21
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . We reexamine the price structures and their welfare implications in three pricing regimes (mill, uniform and discriminatory) for a monopoly. We show that spatial price discrimination could provide the highest social welfare and, when consumers tastes are heterogeneous enough, also the highest consumer surplus. The superiority of spatial price discrimination is partially due to the larger output produced and partially due to differential treatment for consumers with heterogeneous tastes.
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  • 22
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
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  • 23
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
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  • 24
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
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  • 25
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . Despite the importance of predicting investment expenditures for regional economic forecasting and policy simulation, little has been published on predicting regional investment expenditures. The primary reason is the lack of data on regional investment and capital stocks. Using two constructed investment data sets, this paper specifies and econometrically estimates stock adjustment equations of residential and nonresidential investment for the fifty states plus Washington, D.C. Unique aspects of the approach include maximum use of United States and regional data, and pooled estimation. The estimated pooled equations provide satisfactory historical fits to investment for most states. Also, the paper presents out-of-sample forecasts and simulated investment responses to an exogenous production increase.
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  • 26
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    Oxford, UK : Blackwell Publishing Ltd
    Journal of regional science 21 (1981), S. 0 
    ISSN: 1467-9787
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    Topics: Geography , Economics
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  • 27
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Topics: Geography , Economics
    Notes: Book reviewed in this article: Geograph as Spatial Interaction, by edwward L. Ullman, edited by Ronald R. Boyce. Resources and Development: Natural Resource Policies and Economic Development in an Interdependent World, by Peter Dorner and Mahmoud A. El-Shafie. Metropolitan Planning: Issues and Policies, by Yung-Hee Pho and Myong-Chan Hwang. Microeconomic Simulation Models for Public Policy Analysis, Volume 1-Distributional Impacts, Volume 2-Sectoral, Regional, and General Equilibrium Models, by R. H. Haveman and K. Hollenbeck (eds.). An Industrial Geography of Japan, by Kiyoji Murata (ed.).
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 21 (1981), S. 0 
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    Journal of regional science 33 (1993), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: . This paper examines how housing subsidies affect housing and location demands in a monocentric market, identifying the extent to which policies prompt targeted populations to congregate more or less intensely in the central city. Various subsidies are studied: rents based on ability to pay, lump-sum housing aid, housing vouchers, and subsidies based on percentage of rent. The demand effects are seen to hinge critically upon whether or not subsidies are tied to binding consumption restrictions. Policy impacts are shown to be identical for both CBD employed and locally employed consumers targeted for the housing policies.
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    Journal of regional science 33 (1993), S. 0 
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    Topics: Geography , Economics
    Notes: . The paper is devoted to modeling the relationship between the density of service centers and the density of population (or on the density of demand). Several models lead to an exponential function with the exponent equal to ⅔. For a number of real systems of centers, the power is considerably different from ⅔ (more often it is nearer to 1). I describe a series of models that explain this difference.
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    Notes: . In the presence of agglomeration and congestion externalities the sequence of location choices made by firms results in an inefficient distribution of economic activity, since individual firms do not bear the congestion costs they impose on other firms. In this paper, we model the interaction of public authority service strategies and firm location choices. We show that a self-interested regional authority can effect a welfare-improving distribution of economic activity when compared with an economy without an authority or an economy with local authorities. However, we also show that the conditions under which the authority would induce a welfare enhancing distribution depends on the authority's strategic posture, as well as the nature and size of public subsidies for the authority. The conditions necessary for a regional authority to choose an efficiency enhancing strategy may be difficult to achieve.
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    Notes: . The paper applies an inventory model to the standard Weber-Moses location-production problem. By setting the problem within a time framework, costs are seen to be incurred by both the holding of goods and the shipment of goods. The optimum location of the firm is seen to depend not only on transportation costs and the nature of the firm's production function, but also on the value of the materials being shipped. Under these conditions there is no homogeneous solution to the Weber-Moses problem. Furthermore, it is shown that the value added at the point of production is the primary factor which governs the optimum location of the firm.
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    Notes: Book reviewed in this article: Network Economics: A Variational Inequality Approach, by Anna Nagurney. Chinese Economic Planning and Input-Output Analysis, edited by Karen R. Polenske and Xikang Chen. Spatial Tessellations: Concepts and Applications of Voronoi Diagrams, by Atsuyuki Okabe, Barry Boots, and Kokichi Sugihara. Nonlinear Economic Dynamics, by Tönu Puu. Geomedical Systems: Intervention and Control, by Richard Thomas. Full Circles: Geographies of Women over the Life Course, edited by Cindi Katz and Janice Monk. The Burden of Dependency: Colonial Themes in Southern Economic Thought, by Joseph J. Persky. Divided Cities: New York and London in the Contemporary World, edited by Susan S. Fainstein, Ian Gordon, and Michael Harloe. Regional Policy and Local Governments, edited by Gyula Horváth. Coastal Erosion: Has Retreat Sounded? by Rutherford H. Platt et al. Disease and Death in Early Colonial Mexico: Simulating Amerindian Depopulation, by Thomas M. Whitmore. Perspectives on Planning and Urban Development in Belgium, edited by Ashok K. Dutt and Frank J. Costa. Planning and Urban Growth in the Nordic Countries, edited by Thomas Hall. Regional Studies: The Interplay of Land and People, edited by Glen E. Lich. Transport, the Environment, and Economic Policy, by Kenneth Button. The Changing Location of the Automobile Industry: A Geographical Analysis, by James M. Rubenstein.
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    Topics: Geography , Economics
    Notes: . For many years, regional scientists, economists, and geographers have been unable to clarify the influence of economic diversity on unemployment and instability in regional economies of the United States, the United Kingdom, and Canada. This article presents plausible theory, proper units of analysis, valid measures, and more inclusive models of the diversity-stability relationship. The findings are generalizable because the sample includes most metropolitan areas in the U.S. The empirical analysis estimates the influence of diversity, employment concentrated in unstable industries, population size, growth rate, and control variables on unemployment and employment instability during the 1972–88 period. The results indicate that metropolitan areas which are more diverse experience lower unemployment rates and less instability than areas which are less diverse.
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    Notes: Book Reviewed in this article:Stuck in Traffic: Coping with Peak-Hour Traffic Congestion, by Anthony Downs; and Fast Wheels, Slow Traffic: Urban Transport Choices, by Charles L. Wright.Regional Shopping Centres: Out-of-Town versus In-Town, by Peter J. McGoldrick and Mark G. Thompson.Competitive Manufacturing: New Strategies for Regional Development, by Stuart Rosenfeld.The Social Response to Environmental Risk Policy Formulation in an Age of Uncertainty, edited by Daniel W. Bromley and Kathleen Segerson.Innovation and Urban Population Dynamics: A Multi-Level Process, edited by Klaus Peter Strohmeier and Christian w. Matthiessen.The University: A Regional Booster? by Raymond Florax.Neighbourhd Regeneration: An International Evaluation, edited by Rachelle Alterman and Goran Cars.The Tourism Industry: An International Analysis, edited by M. Thea Sinclair and M.J. Stabler.Development Issues and Strategies in the New Europe, edited by Markku Tykklainene.Why Airplanes Crash: Aviation Safety in a Changing World, by Clinton V. Oster, John S. Strong, and C. Kurt Zorn.Urban and Regional Economics, edited by Paul C. Cheshire and Alan W. Evans.
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    Notes: . A multi-plant producer has sole access to a region, and each of the plants processes a raw material which is drawn from its own exclusive supply area. Under these conditions what spatial structure of production (in terms of plant scale, plant frequency, supply-area size and supply-area shape) will enable region-wide or multi-plant profit to be maximized? The form of this optimal structure is shown to vary with prevailing level of price, which is exogenously determined.
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    Notes: . Löschian duopoly under heterogeneous cost conditions is examined to show that it is not equivalent, contra past findings, to spatial collusion. Moreover, within the confines of the assumed demand and cost conditions spatial collusion is shown to be superior to Loschian competition in terms of both (aggregate) consumer surplus and producer surplus, which implies a possible welfare gain from collusion. A general, if not the general, prices-and-welfare comparison of alternative pricing schema including collusive, Löschian, and optimal pricing is summarily presented in a table.
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    Notes: . Determinants of the number of retail firms serving a rural area have been investigated by drawing on demand threshold analysis to analyze cross-sectional data. The relevance of such studies to an individual community may be limited if it is characterized by differential levels or unique types of economic activity. Alternatively, conducting the analysis using time-series data on an individual community may lead to problems associated with non-normal and nonstationary data. These problems are addressed by formulating a state-space model of time-series count data. The discrete, nonnegative nature of count data is accommodated by using a conjugate prior for the Poisson location parameter. A guide function is used to link the prior to the state vector and Bayes rules are used for updating.
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    Notes: . The assumption of interregional equilibrium in migration research has recently been attacked. At issue is the motivation for on-going migration if rents and wags accurately compensate for spatial amenity variations; but if rents and wages fail to accurately compensate potential migrants, then amenity valuations must be flawed. We here show that arguments supporting substantial disequilibrium in the US. economy are unconvincing. The substantive issues are then clarified by a model which allows for both equilibrium and disequilibrium migration. We conclude that intertemporally systematic migration stems predominantly from equilibrium forces.
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    Notes: Book reviewed in this article: Canadian Regional Planning and Development in Transition Regional Development in Britain, 2nd Edition, by G. Manners, D. Keeble, H.B. Rodgers, and K. Warren. The Economic Impact of the Adirondack Private Land Use and Development Plan, by Charles I. Zinser. Transportation for the Elderly: Changing Lifestyles, Changing Needs, by Martin Wachs. The Political Economy of Underdevelopment: Dependence in Senegal, by Rita Cruise O'Brien (ed.). Spatial Time Series, by R.J. Bennett. Industrial Movement: Experience in the US and the UK, by P. M. Townroe.
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    Notes: . This paper studies the price-location equilibrium of duopolists supplying differentiated goods and competing in a spatial market with elastic demand. We show that a price-location equilibrium exists under all three pricing policies traditionally considered by the literature: f.o.b. mill, uniform delivered, and spatially discriminatory pricing. We also show that firms always cluster at the market center. The second part of the paper studies the endogenous choice of pricing policy. A surprising feature of the resulting equilibrium is asymmetry. The greater the extent to which the goods are substitutes, the more likely is it that one firm will choose f.o.b. pricing and the other price discrimination. Finally, the welfare consequences of the analysis show some interesting trade-offs.
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    Notes: . This paper proposes a new method for estimating a monthly regional production model. The technique involves treating the region's monthly industrial output as a latent variable, which is in turn a function of capital (prosed by energy usage) and labor inputs. Annual observations on regional value added correspond to the summation of the unobservable monthly series over the 12 months, while changes in the national Industrial Production index help infer the series' month-to-month fluctuations. The model is estimated using the Kalman filter and the method of maximum likelihood. The estimates are used to compute monthly indices of regional value added for 15 individual 2-digit industries, and for the aggregate manufacturing sector in the Seventh Federal Reserve District. In a comparison of out-of-sample forecasting accuracy, the mixed-frequency model outperforms both the traditional parametric Cobb-Douglas and nonparametric Atlanta methods over the 1988–89 forecasting horizon.
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    Notes: . I analyze oligopolistic competition among three or more firms located on Hotelling's (1929) Main Street and show that in contrast with Hotelling's duopoly, the symmetric locational structure supports a noncooperative equilibrium in prices. However, in a two-stage game of location choice in the first stage, and price choice in the second stage, there exists no subgame-perfect equilibrium where the whole market is served. This is because, starting from any locational pattern, firms have incentives to move toward the central firm. This strong version of the Principle of Minimum Differentiation destroys the possibility of a locational equilibrium. The results are a direct consequence of the existence of boundaries in the space of location. The sharp difference between these results and those of the standard circular model (whose product space lacks boundaries) shows that the general use of the circular model as an approximation to the line interval model may be unwarranted.
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    Notes: . Total cleared area in a von Thünen land-use model drives an atmosphere externality which depresses agricultural productivity uniformly throughout the region. Exogenous events that encourage clearance and use of a larger cultivated area (output price or population increase) exacerbate the externality. Imposition of a simple, corrective tax on land rents does not reverse these patterns but does mitigate the increase in the externality and leaves cultivators with higher incomes than they would obtain without the tax. We examine an optimal tax on land rents, designed to maximize the social value of land rents in the region, and an output tax.
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    Notes: . Deforestation caused by concession logging is often the result of harvest decisions which focus on short-run profits rather than on long-run sustainable harvest yields. A sequential-decision model of this type of behavior is here developed which focuses on a logger's annual decisions of whether or not to remain in compliance with the terms of a concession contract. The contract stipulates harvesting procedures for a sustained forest yield, and noncompliance is taken to result in deforestation. An optimal decision policy for the concession logger is characterized in terms of optimal-stopping theory, and is employed to construct payoff incentives which encourage compliance. In particular, a forest management problem is formulated which focuses on the effectiveness of partial inspection policies in deterring noncompliant behavior. General necessary and sufficient conditions for the effectiveness of such policies are established, and are given a more operational form for the Markov case. A numerical example based on actual concession-contract data is also developed which suggests certain policy implications.
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    Notes: . Considerable effort has been devoted within the recent literature to the valuation of urban amenities and disamenities, as well as to econometric procedures required for the estimation of their implicit market “prices.” This study questions the equilibrium conditions invoked within this literature to derive estimates of marginal willingness to pay, conditions premised upon “perfect” labor mobility among cities. It is shown that such assumptions need not be invoked if one considers the amenity price-mobility relationship directly. This is accomplished by appending a binary migration model to a first-stage wage equation, a procrdure that provides estimates of willingness to pay that can diverge from market-determined implicit prices. Comparison of such values yields important information on the adequacy of market compensation for disamenities (amenities) throughout metropolitan areas.
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    Notes: Book Reviewed in this article:The Maze of Urban Housing Markets: Theory, Evidence, and Policy, by Jerome Rothenberg, George C. Galster, Richard V. Butler, and John Pitkin.Geography andTrade, by Paul Krugman.Urban Structure and the Labour Market: Worker Mobility, Commuting, and Underemployment in Cities, by Wayne Simpson.Spatial Econometrics of Services, by Antoine S. Bailly, William J. Coffey, Jean H. P. Paelinck, and Mario Polese.New Directions in Regional Analysis: Multi-regional Approaches, edited by Luc Anselin and Moss Madden.The Economics of Travel and Tourism, by Adrian Bull.Handling Geographical Information: Methodology and Potential Applications, edited by Ian Masser and Michael Blakemore.Financial Services, Financial Centers: Public Polic Competition for Markets, Firms, and Jobs, by Richard McGahey, Mary Malloy, Katherine Kazanas, and Michael P. Jacobs.Global Climate Change California: Potential Impacts and Responses, edited by Joseph B. Knox with Ann Foley Scheuring.Marxism and the City, by Ira Katznelson.Technology Transfer in the Developing Countries, edited by Manas Chatterji.Managing a Nation: The Microcomputer Software Catalog, second edition, edited by Gerald O. Barney, W. Brian Kreutzer, and Martha J. Garrett.
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    Notes: . It has been contended that basing-point pricing (BPP) is not indicative of anticompetitive behavior because a cartel would never attain maximum profits by using BPP. We disprove this contention. BPP is the profit-maximizing pricing strategy for a cartel that faces competition only at selected locations. In addition, our model explains the emergence of multiple basing points, and establishes that BPP must be consistent with a market-division scheme.
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    Notes: . In this paper we consider the nature of possible equilibria in a regional economic system characterised by an absence of net migration flows but the presence of gross flows. We argue that the presence of gross flows in a stationary equilibrium is most easily generated through the introduction of stochastic elements into the decision maker's migration calculus. We observe that within such a stochastic setting there is, in stationary equilibrium, an implied inverse relationship between the probability of migration for the representative decision maker and the size of the regional population stock. We show that this relationship has some surprising implications in a world where decision makers have static expectations, but that its implications are quite natural in a world where decision makers form their expectations rationally. We then interpret the model of Schachter andathaus (1989) in terms of a rational expectations equilibrium, and demonstrate how their tests are incapable of discriminating between equilibrium and disequilibrium models of migration behavior. We propose a set of alternative tests which explicitly recognize the stuck-flow interactions between net migration and the distribution of regional population stocks and which make a clean distinction between equilibrium in the temporal and in the market-clearing sense.
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    Notes: Book Reviewed in this article:The Economics of Oligopolistic Competition: Price and Nonprice Rivalry, Collected Papers of Robert E. Kuenne, by Robert E. Kuenne.Urban Transportation Economics, by Kenneth A. Small.Infrastructure and the Space-Economy: Essays in Honor of Rolf Funck, edited by Karin Peschel.Spatial Statistics: Past, Present, and Future, edited by Daniel A. Griffith.Wage Flexibility and Unemployment Dynamics in Regional Labor Markets, by Thomas Hyclak and Geraint Johnes. Review by Lori G. KletzerPut Up or Give Way: States, Economic Competitiveness, and Poverty, by John Sidor.The Production of Space, by Henri Lefebvre.River Towns in the Great West: The Structure of Provincial Urbanization in the American Midwest, 182CL1870, by Timothy R. Mahoney.China's Coastal Cities: Catalysts for Modernization, edited by Yue-manYeung andXu-wei Hu.Technology and Economic Development: The Dynamics of Local, Regional, and National Change, by Edward J. Malecki.The Rise of the Gunbelt: The Military Remapping of Industrial America, by Ann Markusen, Peter Hall, Scott Campbell, and Sabina
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    Notes: This paper explores the influence of partner selection and the design of contracts and agreements on the chances for a collaborative R&D venture to ‘succeed’. It is based on questionnaire data regarding 49 such ventures undertaken by companies based in four Nordic countries. The age distribution of the sample is taken into account through use of statistical event history analysis, testing hypotheses regarding the determinants of the hazard rate. The results show that prior contacts with prospective partners improve the chances that a cooperation will succeed. Such contacts help prevent difficulties due to differences in corporate culture, inadequate technical capabilities, incongruous strategic intentions, etc. The analysis also suggests that contracts and agreements should avoid detailed specifications of the procedures to be followed during implementation. Such stipulations create problems by reducing the flexibility required in inherently uncertain R&D collaborations. Granting relative resource self-sufficiency and managerial autonomy to the venture organisation improves its chances of success.
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    Notes: Fundamental advances in the life sciences are exerting a profound influence on the structure of the pharmaceutical industry and the strategies of drug companies. The ‘biological’ revolution makes it possible to apply a scientific method to drug research. This paper argues that pharmaceutical companies can take advantage of the new method only if they encourage ‘openness’ of their research. We also offer a framework to explain why innovations in this industry increasingly result from networks of agents with complementary skills and resources. Greater use of scientific knowledge implies that important information for innovation can be expressed in relatively general and universal forms. This eases information exchange, and encourages specialisation and division of labour in drug R&D and marketing. Finally, the possibility of a division of labour in innovation opens new opportunities for medium-sized national pharmaceutical firms in Europe. Provided that they found their strategies on high-quality research in specialised niches, they can set up alliances with partners that possess complementary knowledge, and supply resources for clinical development and international marketing.
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    Notes: G. Hofstede's research on ‘Culture's Consequences’ (1980) greatly shaped the discussion of cross-cultural differences in management theory and practice during the 1980′s. And yet, his 4-D Model's applicability to the management of R&D laboratories and their professionals worldwide remained in doubt due to the fact that his four dimensions of Power Distance, Uncertainty Avoidance, Individualism, and Masculinity were derived from responses of mid-level IBM employees with lower levels of formal education than those of typical R&D professionals. This paper reports on results of the first comprehensive follow-up study that (1) show Hofstede's four dimensions to be equally valid for highly educated respondents from 17 Western European countries, Turkey, and the USA, (2) describe significant similarities between the respondents’ work goals and those of R&D professionals, and (3) suggest implications of cross-cultural differences along the dimensions for the theory and practice of managing R&D professionals abroad.
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    Notes: Previous research in new product development has examined the role of organisational structure and marketing and technical skills and activities in encouraging successful innovation. This study examines the role played by organisational structure in supporting the marketing and technical/production activities in new product development, and direct and indirect effects of all of these antecedents on new product success. The goal of the study is to observe which factors lead to product success and to determine how they interconnect. Implications for new product management are provided in the concluding section.
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    Topics: Economics
    Notes: Increasingly, companies are using the licensing approach to acquire external technology as an alternative to internal new product development. However, the licensing literature presents lists of benefits and costs without identifying either their relative importance or the underlying dimensions. This article presents the results of a survey of Australian licensee firms designed to fill this gap in the literature. The results show that the major reason for licensing relates more to the immediate need to gain competitive advantage than the relative low cost advantage of technology licensing or having access to future technology. The major impediments to licensing are the entry and exit costs and the loss of decision-making autonomy resulting from licensor-imposed restrictions. Further, only two factors, perceived search costs and low cost market entry advantage of licensing appear to vary among the industries studied. Future research and managerial implications of the results are discussed.
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  • 94
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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  • 95
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: New products are critical to the success of most corporations. But managing the R&D projects that produce new products has proven to be a risky and tricky business. Theorists and practitioners claim that one of the major obstacles to higher new product output is the ‘tight’ control practices found in large corporations. The conventional wisdom argues that, to correct this, firms need to find ways ‘to loosen-up.’ But is that all there is to it? This article presents five findings for effectively controlling new product R&D projects. These findings emerged at the conclusion of an empirical research investigation into the formal and informal control practices that business unit managers use to control various new product R&D situations. The article concludes with several recommendations for those managers who want to control their new product R&D projects better.
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  • 96
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This study identifies the factors determining technological innovations in the small firms in Korea. Two groups of 24 innovative and 25 noninnovative small firms are compared on four categories of variables: environmental, strategic, structural, and top management characteristics, which were found to be important determinants of technological innovation in prior research in developed countries. A multiple discriminant analysis reveals that two top managerial characteristics (risk-taking propensity and tolerance for ambiguity), environmental heterogeneity, environmental scanning strategy, and professionalization of organizational structure are the most significant factors discriminating innovative from noninnovative small firms in Korea. The findings suggest that predominant determinants of technological innovation vary according to the types of organization and, in the case of small firms, managerial attitudes toward innovation is the most critical factor. Other strategic and policy implications for the management of innovation in the small firm context are discussed.
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  • 97
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Project management is a complex activity and it involves, among other things, an attitude, style and philosophy. The main proposition of this article suggests that different projects must be approached by different managerial philosophies. The article presents a conceptual managerial classification of projects based on their technological uncertainty — specifically the newness and complexity of the technology involved. It classifies all projects into four types: lowtech, medium tech, high-tech and super high-tech, and then proceeds to describe the major differences among them.Special attention is then paid to the ‘higher’ technology types — high-tech and super high-tech projects — and to the attitudes and tools that are needed for managing them. Such projects, if well executed and successful, may help improve competitive advantage and commercial position. They involve however substantial risk and high probability of failure. Several examples of super high-tech projects carried out in the past are described, and their management style discussed in light of the classification presented here. These examples include the SR-71 ‘Blackbird’ aircraft, the ‘Apollo’ moon-landing program, Data General's ‘Eagle’ computer and NASA's program of developing the Space Shuttle.
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  • 98
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Increasingly, small firms will be required to compete on international markets in order to grow and survive. This paper reports on a study of 86 small manufacturing firms operating in the metal sector. All firms had adopted one or more advanced manufacturing technology and were considered by the Canadian Association of Manufacturers as process innovative. The basic premise of this research was that in order to compete internationally, a small firm had to develop certain innovative capabilities. These capabilities were not only associated to traditional innovative efforts in R&D and process innovation, but also in supportive organizational capabilities in the form of strategic orientation, technological policy, and technological scanning. Results show that, for these small firms, process innovativeness remains an important competitive factor for international competition and that it is often linked to an aggressive strategic orientation coupled to a short term emphasis on efficiency.
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  • 99
    Electronic Resource
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 23 (1993), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In recent years, many companies have witnessed dramatic changes in their business environment. Emergence of global markets and competitors coupled with new competitive strategies based on quality, speed and/or alliances have forced business managers — especially in the United States — to adopt new management strategies, structures and systems. These in turn have caused many R&D executives to progress from their traditional agenda of managing R&D activities in domestic laboratories to a new agenda of coordinating and integrating technology development and exploitation on a world-wide basis. This paper discusses this evolution of R&D management agenda in the United States and its implications. It also reviews the approaches being used and the experiences being gained by the American R&D management community to address the emerging challenges.
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  • 100
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    Oxford, UK : Blackwell Publishing Ltd
    R & D management 11 (1981), S. 0 
    ISSN: 1467-9310
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Although new product development is one of the riskiest activities of a modern corporation, relatively little account is taken of risk measurement in the R & D project selection literature. The existing consensus is that risk is measured by some combination of the total amounts at stake and the uncertainties of the situation. The paper describes a project aimed at more exactly identifying and defining the components of risk as perceived by a decision-maker within a firm undertaking new product ventures. The project is based on data from a study of the behaviour of 103 firms and 197 ventures.The results show broadly that managers perceive risk to be highest when the product shows least synergy with the firm's current business. In contrast, the possibility of reducing uncertainty components of risk through information-seeking seems to be of little account in risk perception. The author concludes from this that decision-makers are much more influenced by factors that control the amounts at stake (in general, the less the synergy the greater the resources needed to back a new product entry) than by uncertainty as to the outcome. The latter must constitute an important element of risk in reality. Its neglect may be because managers find they can deal conceptually more easily with concrete matters like the amount at stake than with the intangibles of uncertainty reduction. This may explain why many firms fail to integrate information into their new product development process.
    Type of Medium: Electronic Resource
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