IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-05161281.html
   My bibliography  Save this paper

A Modular Approach for ABM/LMM Models: Specification of Reusable Building Blocks Centred on the Economic Concepts of WTA and WTP

Author

Listed:
  • Eric Innocenti

    (LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli])

  • Dominique Prunetti

    (LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli])

  • Marielle Delhom

    (SPE - Laboratoire « Sciences pour l’Environnement » (UMR CNRS 6134 SPE) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli])

  • Corinne Idda

    (LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli])

Abstract

Agent-Based Models focusing on land markets provide a computational framework to simulate socio-economic dynamics in land and real-estate markets. In this paper, we introduce the 5-Step Simulation Iterative Modelling Process method, an iterative, five-step modelling and simulation decomposition approach specifically designed to structure the development of Agent-Based Land Market Models. We describe how implementing reusable building blocks-conceptual, computational, and executable-enhances modularity and fosters reusability of both theoretical concepts and software code. An illustrative example, applied to land and real-estate markets in Corsica, concretely demonstrates the application of the method and the creation of these reusable components. The integration of the economic concepts of Willingness To Accept and Willingness To Pay into the design of an Agent-Based Land Market Model exemplifies how these building blocks contribute to market dynamics formation. Finally, we highlight the potential of this approach to strengthen computational simulation, support socio-economic analysis, and promote sustainable land management.

Suggested Citation

  • Eric Innocenti & Dominique Prunetti & Marielle Delhom & Corinne Idda, 2025. "A Modular Approach for ABM/LMM Models: Specification of Reusable Building Blocks Centred on the Economic Concepts of WTA and WTP," Post-Print hal-05161281, HAL.
    • Handle: RePEc:hal:journl:hal-05161281
    Note: View the original document on HAL open archive server: https://hal.science/hal-05161281v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-05161281v1/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tatiana Filatova & Dawn C. Parker & Anne van der Veen, 2009. "Agent-Based Urban Land Markets: Agent's Pricing Behavior, Land Prices and Urban Land Use Change," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 12(1), pages 1-3.
    2. Volker Grimm & Steven F. Railsback & Christian E. Vincenot & Uta Berger & Cara Gallagher & Donald L. DeAngelis & Bruce Edmonds & Jiaqi Ge & Jarl Giske & Jürgen Groeneveld & Alice S.A. Johnston & Alex, 2020. "The ODD Protocol for Describing Agent-Based and Other Simulation Models: A Second Update to Improve Clarity, Replication, and Structural Realism," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 23(2), pages 1-7.
    3. Jonas Schmidt & Tammo H. A. Bijmolt, 2020. "Accurately measuring willingness to pay for consumer goods: a meta-analysis of the hypothetical bias," Journal of the Academy of Marketing Science, Springer, vol. 48(3), pages 499-518, May.
    Full references (including those not matched with items on IDEAS)

    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. Bernardo Alves Furtado, 2022. "PolicySpace2: Modeling Markets and Endogenous Public Policies," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 25(1), pages 1-8.
    2. Tardy, Olivia & Lenglos, Christophe & Lai, Sandra & Berteaux, Dominique & Leighton, Patrick A., 2023. "Rabies transmission in the Arctic: An agent-based model reveals the effects of broad-scale movement strategies on contact risk between Arctic foxes," Ecological Modelling, Elsevier, vol. 476(C).
    3. Crevier, Lucas Phillip & Salkeld, Joseph H & Marley, Jessa & Parrott, Lael, 2021. "Making the best possible choice: Using agent-based modelling to inform wildlife management in small communities," Ecological Modelling, Elsevier, vol. 446(C).
    4. Dur, Gaël & Won, Eun-Ji & Han, Jeonghoon & Lee, Jae-Seong & Souissi, Sami, 2021. "An individual-based model for evaluating post-exposure effects of UV-B radiation on zooplankton reproduction," Ecological Modelling, Elsevier, vol. 441(C).
    5. Choi, Sunkyung & Maharjan, Rajali & Hong, Tran Thi Nhat & Hanaoka, Shinya, 2024. "Impact of information provision on tsunami evacuation behavior of residents and international tourists in Japan," Transport Policy, Elsevier, vol. 155(C), pages 264-273.
    6. Medeiros-Sousa, Antônio Ralph & Lange, Martin & Mucci, Luis Filipe & Marrelli, Mauro Toledo & Grimm, Volker, 2024. "Modelling the transmission and spread of yellow fever in forest landscapes with different spatial configurations," Ecological Modelling, Elsevier, vol. 489(C).
    7. Anshuka Anshuka & Floris F. Ogtrop & David Sanderson & Simone Z. Leao, 2022. "A systematic review of agent-based model for flood risk management and assessment using the ODD protocol," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 112(3), pages 2739-2771, July.
    8. Georgarakos, Dimitris & Kim, Kwang Hwan & Coibion, Olivier & Shim, Myungkyu & Lee, Myunghwan Andrew & Gorodnichenko, Yuriy & Kenny, Geoff & Han, Seowoo & Weber, Michael, 2025. "How Costly Are Business Cycle Volatility and Inflation? A Vox Populi Approach," IZA Discussion Papers 17675, Institute of Labor Economics (IZA).
    9. Kjær, Lene J. & Schauber, Eric M., 2022. "The effect of landscape, transmission mode and social behavior on disease transmission: Simulating the transmission of chronic wasting disease in white-tailed deer (Odocoileus virginianus) populations," Ecological Modelling, Elsevier, vol. 472(C).
    10. Butts, David J. & Thompson, Noelle E. & Christensen, Sonja A. & Williams, David M. & Murillo, Michael S., 2022. "Data-driven agent-based model building for animal movement through Exploratory Data Analysis," Ecological Modelling, Elsevier, vol. 470(C).
    11. Muñoz-Muñoz, E. & Crespo-Cebada, E. & Mirón-Sanguino, A.S. & Díaz-Caro, C., 2025. "Investors personality correlates with sustainability preferences in investment – A choice experiment with Spanish investors," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 114(C).
    12. Magliocca, Nicholas & McConnell, Virginia & Walls, Margaret & Safirova, Elena, 2012. "Zoning on the urban fringe: Results from a new approach to modeling land and housing markets," Regional Science and Urban Economics, Elsevier, vol. 42(1-2), pages 198-210.
    13. Lim, Xin-Jean & Cheah, Jun-Hwa & Ngo, Liem Viet & Chan, Kara & Ting, Hiram, 2023. "How do crazy rich Asians perceive sustainable luxury? Investigating the determinants of consumers’ willingness to pay a premium price," Journal of Retailing and Consumer Services, Elsevier, vol. 75(C).
    14. Jasmin Ebert & Peter Winzer, 2024. "Demand for 5G from residential customers in Germany: a quantitative online survey using the Van Westendorp method," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 23(5), pages 489-495, October.
    15. Vieira, Valter Afonso & Rafael, Diego Nogueira & Agnihotri, Raj, 2022. "Augmented reality generalizations: A meta-analytical review on consumer-related outcomes and the mediating role of hedonic and utilitarian values," Journal of Business Research, Elsevier, vol. 151(C), pages 170-184.
    16. Benjamin, Emmanuel O. & Hall, Daniel & Sauer, Johannes & Buchenrieder, Gertrud, 2022. "Are carbon pricing policies on a path to failure in resource-dependent economies? A willingness-to-pay case study of Canada," Energy Policy, Elsevier, vol. 162(C).
    17. Davide Natalini & Giangiacomo Bravo & Aled Wynne Jones, 2019. "Global food security and food riots – an agent-based modelling approach," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 11(5), pages 1153-1173, October.
    18. Elena G. Irwin, 2010. "New Directions For Urban Economic Models Of Land Use Change: Incorporating Spatial Dynamics And Heterogeneity," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 65-91, February.
    19. Rahi, Joe El & Weeber, Marc P. & Serafy, Ghada El, 2020. "Modelling the effect of behavior on the distribution of the jellyfish Mauve stinger (Pelagia noctiluca) in the Balearic Sea using an individual-based model," Ecological Modelling, Elsevier, vol. 433(C).
    20. Anne Hamby & Cristel Russell, 2022. "How does ambivalence affect young consumers’ response to risky products?," Journal of the Academy of Marketing Science, Springer, vol. 50(4), pages 841-863, July.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:hal:journl:hal-05161281. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.