Keisuke, KAWATA; Kentaro, NAKAJIMA; Yasuhiro, SATO - Research Institute of Economy, Trade and Industry (RIETI) - 2014
We developed a competitive search model involving multiple regions, geographically mobile workers, and moving costs. Equilibrium mobility patterns were analyzed and characterized, and the results indicate that shocks to a particular region, such as a productivity shock, can propagate to other...