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prices. Using a panel of bilateral commuting flows, I estimate a quantitative spatial general equilibrium model to quantify … the welfare benefits of urban rail transit and distinguish the benefits of reduced commuting frictions from other channels …. The subway causes a 7%-13% increase in commuting between pairs of connected tracts; I select plausible control pairs using …
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realistic representation of decisions related to commuting, migration and household and employment location. The model allows …
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search of a general theory. Such spatial imbalances have two possible explanations. In the first one, uneven economic … results developed in standard location theory, we use a unified framework to survey the home market effect as well as …
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