An agent-based model of residential choice dynamics in non-stationary housing markets

O.T.J. Devisch, T.A. Arentze, A.W.J. Borgers, H.J.P. Timmermans

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Abstract

This paper presents an agent-based model developed to simulate individual residential choice behaviour in a non-stationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge about their environment and thus have to base their decisions on beliefs. The aim of this paper 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.
Original languageEnglish
Title of host publicationProceedings of CUPUM 05, Computers in Urban Planning and Urban Management, 30-Jun-2005, London
Place of PublicationLondon
PublisherUniversity College London
Pages14-paper 89
Publication statusPublished - 2005
Event9th International Conference on Computers in Urban Planning and Urban Management (CUPUM 2005), June 29-July 1, 2005, London, UK - CUPUM 2005, London, United Kingdom
Duration: 29 Jun 20051 Jul 2005

Conference

Conference9th International Conference on Computers in Urban Planning and Urban Management (CUPUM 2005), June 29-July 1, 2005, London, UK
Abbreviated titleCUPUM 2005
CountryUnited Kingdom
CityLondon
Period29/06/051/07/05

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