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People spend a lot of time commuting and often find it a burden. According to economics, the burden of commuting is chosen when compensated either on the labor or on the housing market so that individuals? utility is equalized. However, in a direct test of this strong notion of equilibrium, we...
Persistent link: https://www.econbiz.de/10010262027
This paper presents an economic geography model to show the spatial effects of economic integration. While other authors mainly focused on the explanation of cumulative causation effects that lead to complete concentration or absolutely equal dispersion of industries, this paper explains why...
Persistent link: https://www.econbiz.de/10010275288
We address the question of competition within the location choices of firms. In a framework of agglomeration effects, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of preemptive move and optimal time of entry can interfere...
Persistent link: https://www.econbiz.de/10010397981
In this paper, location choices are driven by households (both blacks and whites) consciously choosing to trade off proximity to neighbors of similar racial backgrounds for proximity to jobs. Because of coordination failures in the location choices, multiple urban equilibria emerge. There is a...
Persistent link: https://www.econbiz.de/10010261635
This paper provides a simple theory of geographical mobility which simultaneously explains people's choice of … of production which seeks to obtain the highest possible economic return. Our theory comprehends applications to …
Persistent link: https://www.econbiz.de/10010268399
Persistent link: https://www.econbiz.de/10010275275
We study the political economy of commuting subsidies in a model of a monocentric city with two income classes. Depending on housing demand and transport costs, either the rich or the poor live in the central city and the other group in the suburbs. Commuting subsidies increase the net income of...
Persistent link: https://www.econbiz.de/10010260815
We study the political economy of commuting subsidies in a model of a mono-centric city with two income classes. Depending on housing demand and transport costs, either the rich or the poor live in the central city and the other group in the suburbs. Commuting subsidies increase the net income...
Persistent link: https://www.econbiz.de/10010261087
This paper is concerned with the location of immigrants in the United States, as reported in the 1990 Census. Where they settle has implications for the economic, social and political impact of immigrants. Immigrants are highly geographically concentrated. Compared to the native born they are...
Persistent link: https://www.econbiz.de/10010261987
This paper develops a growth model with land, housing services, and other goods that is capable of explaining a substantial portion of the movements in housing prices over the past forty years. Under certainty, the model exhibits a balanced aggregate growth, but with underlying sectoral change....
Persistent link: https://www.econbiz.de/10010283524