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market equilibrium is not optimal because of social externalities. We determine the value of the subsidy to interactions that …
Persistent link: https://www.econbiz.de/10009230717
market equilibrium is not optimal because of social externalities. We determine the value of the subsidy to interactions that …
Persistent link: https://www.econbiz.de/10013129915
We develop a model in which ethnic minorities can either assimilate to the majority's norm or reject it by trading off higher productivity and wages with a greater social distance to their culture of origin. We show that "oppositional" ethnic minorities reside in more segregated areas, have...
Persistent link: https://www.econbiz.de/10012133037
We develop a model in which ethnic minorities can either assimilate to the majority's norm or reject it by trading off higher productivity and wages with a greater social distance to their culture of origin. We show that "oppositional" ethnic minorities reside in more segregated areas, have...
Persistent link: https://www.econbiz.de/10012133890
This article attempts a formal analysis of the connection between the differentiated property tax rates within urban areas and urban spatial pattern in U.S. cities. We first develop a duocentric-city model where the Central Business District (CBD) is located at the origin while the Suburban...
Persistent link: https://www.econbiz.de/10003723931
We develop a search-matching model with rural-urban migration and an explicit land market. Wages, job creation, urban housing prices are endogenous and we characterize the steady-state equilibrium. We then consider three different policies: a transportation policy that improves the public...
Persistent link: https://www.econbiz.de/10013069026
Persistent link: https://www.econbiz.de/10001536285
of unemployed workers: the socially optimal number of unemployed workers depends both of matching externalities and on …
Persistent link: https://www.econbiz.de/10001510628
We study the role of unemployment in the context of the endogeneous formation of a monocentric city in which firms set efficiency wages to deter shirking. We first show that, in equilibrium, the employed locate at the vicinity of the city-center, the unemployed reside at the city-edge and firms...
Persistent link: https://www.econbiz.de/10014140611
We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...
Persistent link: https://www.econbiz.de/10013059681