Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023
model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the … externality, but entails commuting costs. Switching between modes of labor delivery is costly, and workers face idiosyncratic …. Within this set, a coordination mechanism can lead to stationary equilibria in which most workers commute or most of them …