IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v41y2009i8p1997-2013.html
   My bibliography  Save this article

An Agent-Based Model of Residential Choice Dynamics in Nonstationary Housing Markets

Author

Listed:
  • Oswald T J Devisch
  • Harry J P Timmermans
  • Theo A Arentze
  • Aloys W J Borger

Abstract

This paper presents an agent-based model developed to simulate residential choice behaviour in a nonstationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge, and thus have to base their decisions on beliefs. The aim is to illustrate how the agents deal with the uncertainty inherent in these beliefs, both at the level of a single agent, deciding among a set of successive actions, and at the level of a group of agents, negotiating over the price of a house.

Suggested Citation

  • Oswald T J Devisch & Harry J P Timmermans & Theo A Arentze & Aloys W J Borger, 2009. "An Agent-Based Model of Residential Choice Dynamics in Nonstationary Housing Markets," Environment and Planning A, , vol. 41(8), pages 1997-2013, August.
    • Handle: RePEc:sae:envira:v:41:y:2009:i:8:p:1997-2013
    DOI: 10.1068/a41158
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a41158
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a41158?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Arno J. Van Der Vlist & Piet Rietveld & Peter Nijkamp & Arno J. Van Der Vlist & Piet Rietveld & Peter Nijkamp, 2004. "Residential Search and Mobility in a Housing Market Equilibrium Model," Chapters, in: Location, Travel and Information Technology, chapter 3, pages 41-63, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kii, Masanobu & Nakanishi, Hitomi & Nakamura, Kazuki & Doi, Kenji, 2016. "Transportation and spatial development: An overview and a future direction," Transport Policy, Elsevier, vol. 49(C), pages 148-158.
    2. Baptista, Rafa & Farmer, J. Doyne & Hinterschweiger, Marc & Low, Katie & Tang, Daniel & Uluc, Arzu, 2016. "Macroprudential policy in an agent-based model of the UK housing market," Bank of England working papers 619, Bank of England.
    3. Farooq, Bilal & Miller, Eric J. & Chingcuanco, Franco & Giroux-Cook, Martin, 2013. "Microsimulation framework for urban price-taker markets," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 6(1), pages 41-51.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arno J van der Vlist & Cees Gorter & Peter Nijkamp & Piet Rietveld, 2002. "Residential Mobility and Local Housing-Market Differences," Environment and Planning A, , vol. 34(7), pages 1147-1164, July.
    2. Arno J. Vlist & Piet Rietveld, 2007. "The Amsterdam Metropolitan Housing Market: How a Prosperous Metropolitan Area Co-exists with a Central City Dominated by Social Rental Housing for the Poor," Advances in Spatial Science, in: Åke E. Andersson & Lars Pettersson & Ulf Strömquist (ed.), European Metropolitan Housing Markets, chapter 7, pages 165-188, Springer.
    3. Chihiro Shimizu & Kiyohiko G. Nishimura & Yasushi Asami, 2003. "Measuring the Cost of Imperfect Information in the Tokyo Housing Market," CIRJE F-Series CIRJE-F-238, CIRJE, Faculty of Economics, University of Tokyo.
    4. OzyIldIrIm, Suheyla & Onder, Zeynep & Yavas, Abdullah, 2005. "Mobility and optimal tenure choice," Journal of Housing Economics, Elsevier, vol. 14(4), pages 336-354, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:41:y:2009:i:8:p:1997-2013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.