期刊
COMPUTERS ENVIRONMENT AND URBAN SYSTEMS
卷 54, 期 -, 页码 397-413出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.compenvurbsys.2014.06.007
关键词
Housing market; Hedonic model; Price expectations; Agent-based; Flood risk; Amenities
类别
资金
- Netherlands Organisation for Scientific Research (NWO) VENI [451-11-033]
- U.S. National Science Foundation's Coupled Natural and Human Systems program SLUCE II project (Spatial Land Use Change and Ecological Effects) NSF [CNH-0813799]
- [EU-FP7-308601]
This paper introduces an economic agent-based model of an urban housing market. The RHEA (Risks and Hedonics in Empirical Agent-based land market) model captures natural hazard risks and environmental amenities through hedonic analysis, facilitating empirical agent-based land market modeling. RHEA is well grounded in economic theory and uses rich spatial data and econometric analysis. It moves beyond the existing work by explicitly simulating the emergence of property prices and their spatial distribution under adaptive price expectations of heterogeneous agents, advancing toward empirical modeling of agent-based land markets. At the same time RHEA operates in a realistic GIS landscape where realtor and households agents form ask and bid prices using empirical hedonic price functions. The simulation results demonstrate that this combination of theoretically sound micro-foundations in agents' behavior and empirical data is feasible. This opens opportunities to explore various methodological and policy-relevant research questions including exploration of abrupt non-marginal changes in markets and regime shifts in coupled socio-environmental systems. (C) 2014 Elsevier Ltd. All rights reserved.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据