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states are derived on the basis of the real options theory. The threshold commuting cost levels at which it is optimal for …. More than before, work and residence location diverged. In this context, commuting and migration are two fundamental ways … permanent mobility, respectively. Deciding for any of the two incurs peculiar costs. Commuting requires recurring costs that the …
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commuting distance has a limited effect on job mobility, that there is no evidence for the existence of a critical commuting …
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This paper studies A+B (cost-plus-time) procurement contracting with time incentives in the highway construction industry. In the presence of construction uncertainty, the contractor's actual completion time may deviate from the bid completion time, and the A+B contract design is not ex post...
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This paper examines public valuations of mortality risk reductions. We set up a theoretical framework that allows for altruistic preferences, and subsequently test theoretical predictions through the design of a discrete choice experiment. By varying the tax scenario (uniform versus individual...
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