Zenou, Yves (contributor) - 2008
. They reside in a city and commuting to the job center involves both pecuniary and time costs. Thus, workers with high wages … are willing to live closer to jobs to save on time commuting costs. We show that, in equilibrium, there is a one … to jobs, have low commuting costs and pay high land rents. We also show that higher commuting costs and higher …