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- W1595697488 abstract "A method for dynamic simulation of residential location choice modeling at an agent-based level is proposed. The method is based on the bid-auction approach to location choice and assumes that each real estate good is traded in an auction where the best bid defines the price and determines the location of agents. The framework considers a market clearing mechanism that solves a quasi-equilibrium at each period, allowing households to adjust their expectations and bids as a reaction to observed market conditions. The model is implemented and tested for the city of Brussels. Results show that the model is able to reproduce observed price patterns and their evolution in an eight year period, indicating that the spatial distribution of agents forecasted by the model is also accurate." @default.
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- W1595697488 date "2012-01-01" @default.
- W1595697488 modified "2023-10-01" @default.
- W1595697488 title "Dynamic microsimulation of location choices with a quasi-equilibrium auction approach" @default.
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