1. Advances in wireless communication technology reduce the non-financial costs of long commutes: People who ride trains...

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1. Advances in wireless communication technology reduce the non-financial costs of long commutes: People who ride trains can get work done, and people who drive cars have more entertainment options. If this statement is true, explain the effect on the geographic area of cities. Focus on a person who must decide how close to live to the city center.

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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