Land development, search frictions, and city structure

Material type: 文書・図像類

Author: Sato, Yasuhiroほか

Publisher: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

Publication date: 2013-06

Material Format: Paper

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Note (General)：: This paper analyzes the interactions between labor and housing (and land) markets in a city. We develop a monocentric city model involving land develo...

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Paper

Material Type: 文書・図像類
Title: Land development, search frictions, and city structure
Author/Editor: Sato, Yasuhiro
Xiao, Wei
Author Heading: Sato, Yasuhiro
https://nrid.nii.ac.jp/nrid/1000030332703
Xiao, Wei
Publication, Distribution, etc.: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Publication Date: 2013-06
Publication Date (W3CDTF): 2013-06
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 13-12
Volume: 13-12
Pages: 1-29
Text Language Code: eng
Subject Heading: Land development
City structure
Search frictions
Spatial mismatch
Target Audience: 一般
Note (General): This paper analyzes the interactions between labor and housing (and land) markets in a city. We develop a monocentric city model involving land development and frictional unemployment. Unemployment, the spatial structure of a city, land development, housing demand, prices of housing and land are all endogenously determined in the model. We then characterize two different spatial configurations, spatial mismatch equilibrium in which unemployed workers are located far from jobs and integrated equilibrium in which unemployed workers live in areas close to jobs. To better understand how two equilibria are affected by labor market parameters, such as search intensity, wage, job finding rate, job destruction rate, and so on, we implement a comparative steady state analysis. We further explored the effects of policies such as a tax on land development to subsidize residents, a subsidy to reduce residents’ commuting costs, and a subsidy to improve unemployed workers’ benefits.
References (URI): http://www2.econ.osaka-u.ac.jp/library/global/dp/1312.pdf
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1312.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華