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The book explores the application of Optimal Control Theory to regional investment allocation, addressing the balance between regional equity and overall efficiency. It raises critical questions about the impact of spatial inequalities on efficiency and how economists can guide policymakers in creating equitable and efficient criteria. Alexiadis mathematically analyzes the 'equity versus efficiency' dilemma, emphasizing its significance in development planning and resource allocation.
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The Dilemma of Regional Policy, Stilianos Alexiadis
- Language
- Released
- 2017
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- (Hardcover)
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