Frerick, Leonhard; Müller-Fürstenberger, Georg; … - In: Networks and Spatial Economics 24 (2024) 4, pp. 869-896
We present a spatial and time-continuous Ramsey-type equilibrium model for households and firms that interact on a spatial domain to model labor mobility in the presence of commuting costs. After discretization in space and time, we obtain a mixed complementarity problem that represents the...