A multi-agent model of urban processes: Modelling relocation processes and price setting in housing markets

Computers, Environment and Urban Systems

Volumn 35, Issue 1, 2011, Pages 1-11

  Ettema, Dick ^a  

^a UTRECHT UNIVERSITY   (Netherlands)

Author keywords

Agent based model; Housing market; Price setting

Indexed keywords

AGENT BASED; AGENT-BASED MODEL; HOUSING MARKET; HOUSING MARKETS; MICROSIMULATION MODELS; MULTI-AGENT MODEL; PRICE SETTING; SIMULATION EXPERIMENTS;

APARTMENT HOUSES; BUILDINGS; COMMERCE; COMPUTATIONAL METHODS; COSTS;

COMPUTER SIMULATION;

HOUSING MARKET; METHODOLOGY; PERCEPTION; PRICE DYNAMICS; PROBABILITY; SIMULATION; URBAN HOUSING;

EID: 78650189921     PISSN: 01989715     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.compenvurbsys.2010.06.005     Document Type: Article

References (27)

1. Anas A., Arnott R. The Chicago prototype housing market model with tenure choice and its policy applications. Journal of Housing Research 1994, 5:23-90.
2. Arnott R., Braid R., Davidson R., Pines D. A general equilibrium spatial model of housing quality and quantity. Regional Science and Urban Economics 1999, 29:283-316.
3. Ben-Akiva M.E., Lerman S. Discrete choice analysis 1985, MIT-Press, Cambridge, Massachusetts.
4. Benenson I. Multi-agent simulations of residential dynamics in the city. Computers, Environment and Urban Systems 1998, 22:25-42.
5. Ben-Shahar D. Theoretical and empirical analysis of the multiperiod pricing pattern in the real estate market. Journal of Housing Economics 2002, 11:95-107.
6. Brown L.A., Moore E.G. The intra-urban migration process: A perspective. Geografiska Annaler 1970, 52B:1-13.
7. Clark W.A.V., Onaka J.L. Life cycle and housing adjustment as explanations of residential mobility. Urban Studies 1983, 20:47-57.
8. Coles M.G., Muthoo A. Bargaining in a non-stationary environment. Journal of Economic Theory 2003, 109:70-89.
9. Curlette W.L. A framework for research studies: Mixed methods through combining bayesian statistics and qualitative research in individual psychology. Journal of Individual Psychology 2006, 62:338-350.
10. Devisch O.T.J., Timmermans H.J.P., Arentze T.A. An agent-based model of residential choice dynamics in nonstationary housing markets. Environment and Planning A 2009, 41:1997-2014.
11. Ettema D., de Jong K., Timmermans H., Bakema A. PUMA: Multi-agent modelling of urban systems. Land use modeling 2006, Springer. E. Koomen, A. Bakema, J. Stillwell, H. Scholten (Eds.).
12. Filatova T., Parker D., van der Veen A. Agent-based urban land markets: Agent's pricing behavior, land prices and urban land use change. Journal of Artificial Societies and Social Simulation 2009, 12(13).
13. Lowry I.S. Location parameters in the Pittsburgh model. Papers and Proceedings of the Regional Science Association 1963, 11:145-165.
14. Martinez F., Roy J. A model for residential supply. Annals of Regional Science 2004, 38:531-550.
15. Miller E.J., Hunt J.D., Abraham J.E., Salvini P.A. Microsimulating urban systems. Computers, Environment and Urban Systems 2004, 28:9-44.
16. Moeckel, R., Wegener, M., & Schwarze, B. (2005). Simulating land use change by modelling persons, households and dwellings. In Paper presented at CUPUM conference, London.
17. Nyarko Y. Convergence in economic models with Bayesian hierarchies of beliefs. Journal of Economic Theory 1997, 74:266-299.
18. Parker D.C., Filatova T. A conceptual design for a bilateral agent-based land market with heterogeneous economic agents. Computers, Environment and Urban Systems 2008, 32:454-463.
19. Schinkel M.P., Tuinstra J., Vermeulen D. Convergence of Bayesian learning to general equilibrium in mis-specified models. Journal of Mathematical Economics 2002, 38:483-508.
20. Timmermans, H. J. P. (2003). The saga of integrated land use-transport modeling: How many more dreams before we wake up? In Paper presented at the 10th international conference on travel behaviour research, Lucerne, 10-15 August, 2003.
21. Torrens P.M. A geographic automata model of residential mobility. Environment and Planning B 2007, 34:200-222.
22. Tryfos P. On the estimation of bid distributions in real estate markets. Management Science 1981, 27:587-601.
23. Turnbull G.K., Sirmans C.F. Information, search, and house prices. Regional Science and Urban Economics 1993, 23:545-557.
24. Van der Vlist A.J., Rietveld P., Nijkamp P. Residential search and mobility in a housing market equilibrium model. Journal of Real Estate Finance and Economics 2002, 24:277-299.
25. Waddell P., Borning A., Noth M., Freier N., Becke M., Ulfarsson G. Microsimulation of urban development and location choices: Design and implementation of UrbanSim. Networks and Spatial Economics 2003, 3:43-67.
26. Walker, J., & Li, J. (2006). Latent lifestyle preferences and household location decisions. In Paper presented to IATBR conference, Kyoto.
27. Wegener M. The Dortmund housing market model: A Monte Carlo simulation of a regional housing market. Microeconomic models of housing markets. Lecture notes in economic and mathematical systems 1985, Vol. 239:144-191. Springer-Verlag, Berlin.