A simple city equilibrium model with an application to teleworking
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Publication:6133676
DOI10.1007/S00245-023-10035-ZzbMATH Open1521.91256arXiv2207.12729OpenAlexW4307205442MaRDI QIDQ6133676FDOQ6133676
Yves Achdou, Daniela Tonon, Quentin Petit, Guillaume Carlier
Publication date: 21 August 2023
Published in: Applied Mathematics and Optimization (Search for Journal in Brave)
Abstract: We propose a simple semi-discrete spatial model where rents, wages and the density of population in a city can be deduced from free-mobility and equilibrium conditions on the labour and residential housing markets. We prove existence and (under stronger assumptions) uniqueness of the equilibrium. We extend our model to the case where teleworking is introduced. We present numerical simulations which shed light on the effect of teleworking on the structure of the city at equilibrium.
Full work available at URL: https://arxiv.org/abs/2207.12729
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