We develop an urban equilibrium job search model where residential mobility is restricted due to the presence of residential moving costs. We presume a simple mono-centric model (firms are located in one location), but allow for imperfect labour and housing markets. We set out to analyse an...

Transaction costs have attracted considerably attention in the theoretical literature on residential mobility. In many European countries, these costs mainly consist of ad-valorem transaction costs. In the current paper, we demonstrate empirically for the Netherlands that the transaction costs...

In this paper we develop and estimate a discrete-continuous model for car ownership and use that incorporates quality choice and the decision to own multiple cars. The basic model, used for instance in De Jong (1991), treats all cars as being equal (no differences in quality) and only considers...

In this paper we analyze the impact of a simple regional economic policy in the context of the core periphery model of the New Economic Geography. More specifically, we look at the welfare effects of a decrease in transport cost that is financed by a lump-sum tax on all inhabitants of the...