An LP-based procedure for graph isomorphism
Shah Imaduddin Javeed · Research Publication Repository of King Fahd University of Petroleum and Minerals (King Fahd University of Petroleum and Minerals) · 1993
We examine the implications of search unemployment for the evaluation of a transport investment in a conventional cost benefit analysis (CBA) assuming perfect competition.Lower transport costs induces search over a larger area and longer commuting distances.The expected duration of vacancies is reduced with ensuing benefits outweighing the loss to increased transport.The search imperfection drives a wedge between the marginal product of labour and the wage, such that the final benefits of a transport improvement exceed those of a conventional CBA.Using a simulation model we find these additional benefits may be substantial.