【摘要】We propose an urban search-matching model with land development. Wages, unem-ployment, prices of housing and land are endogenously determined. We characterize the steady-stateequilibrium and then discuss the i ssue of efficiency. To explore interactions among markets, we im-plement comparative static analysis. We also consider three policies: an entry-cost policy that reducesfirms’ entry, a transportation policy that reduces commuting costs, and a housing policy that decreasesrental prices. We find that the transportation and housing policies are more efficient if the unemploy-ment rate is low, while the entry-cost policy is more efficient if the unemployment rate is high.

【文献来源】Xiao W.Journal of Regional Science.2014（3）