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We develop an equilibrium job search model in which employees incur endogenous commuting costs. This model leads to the … following conclusions:1.Firms partially compensate workers for the incurred commuting costs.2.When workers have more bargaining … power, they will receive less compensation for the incurred commuting costs.3.The average commuting costs are an increasing …
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This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
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