Some people choose to live close to the city center; others choose to live away from the

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Some people choose to live close to the city center; others choose to live away from the city center and take a longer commute to work every day. Does picking a location with a longer commute imply a failure to optimize?

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Economics

ISBN: 287201

6th Global Edition

Authors: Daron Acemoglu, David Laibson, John A. List

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