Transaction costs have attracted considerably attention in the theoretical literature on residential mobility. In many European countries, these costs mainly consist of ad-valorem transaction costs. In the current paper, we demonstrate empirically for the Netherlands that the transaction costs...

We develop an urban equilibrium job search model where residential mobility is restricted due to the presence of residential moving costs. We presume a simple mono-centric model (firms are located in one location), but allow for imperfect labour and housing markets. We set out to analyse an...