Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System
The Housing Market Evolutionary System (HoMES) is the updated housing market module for the Integrated Land Use, Transportation, Environment (ILUTE) model system. HoMES is a disaggregate, agent-based microsimulation of the owner-occupied housing market, with models for households’ residential mobili...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Elsevier
2014
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| Online Access: | http://hdl.handle.net/1721.1/90434 |
| _version_ | 1811079496139276288 |
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| author | Rosenfield, Adam Chingcuanco, Franco Miller, Eric J. |
| author2 | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering |
| author_facet | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Rosenfield, Adam Chingcuanco, Franco Miller, Eric J. |
| author_sort | Rosenfield, Adam |
| collection | MIT |
| description | The Housing Market Evolutionary System (HoMES) is the updated housing market module for the Integrated Land Use, Transportation, Environment (ILUTE) model system. HoMES is a disaggregate, agent-based microsimulation of the owner-occupied housing market, with models for households’ residential mobility decisions, location choices and valuations, the endogenous supply of housing by type and location, and the endogenous determination of sale prices and rents. The new model offers significant improvements over previous attempts by including a reformulated market clearing mechanism, market dependency on macro-economic conditions, and improved computational performance. A 100% synthesized population is validated against historical data for the Greater Toronto-Hamilton Area. |
| first_indexed | 2024-09-23T11:15:58Z |
| format | Article |
| id | mit-1721.1/90434 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T11:15:58Z |
| publishDate | 2014 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | mit-1721.1/904342022-09-27T18:16:17Z Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System Rosenfield, Adam Chingcuanco, Franco Miller, Eric J. Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Chingcuanco, Franco The Housing Market Evolutionary System (HoMES) is the updated housing market module for the Integrated Land Use, Transportation, Environment (ILUTE) model system. HoMES is a disaggregate, agent-based microsimulation of the owner-occupied housing market, with models for households’ residential mobility decisions, location choices and valuations, the endogenous supply of housing by type and location, and the endogenous determination of sale prices and rents. The new model offers significant improvements over previous attempts by including a reformulated market clearing mechanism, market dependency on macro-economic conditions, and improved computational performance. A 100% synthesized population is validated against historical data for the Greater Toronto-Hamilton Area. 2014-09-29T16:16:33Z 2014-09-29T16:16:33Z 2013-01 Article http://purl.org/eprint/type/JournalArticle 18770509 http://hdl.handle.net/1721.1/90434 Rosenfield, Adam, Franco Chingcuanco, and Eric J. Miller. “Agent-Based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System.” Procedia Computer Science 19 (January 2013): 841–846. en_US http://dx.doi.org/10.1016/j.procs.2013.06.112 Procedia Computer Science Creative Commons Attribution http://creativecommons.org/licenses/by-nc-nd/3.0/ application/pdf Elsevier Elsevier |
| spellingShingle | Rosenfield, Adam Chingcuanco, Franco Miller, Eric J. Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title | Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title_full | Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title_fullStr | Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title_full_unstemmed | Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title_short | Agent-based Housing Market Microsimulation for Integrated Land Use, Transportation, Environment Model System |
| title_sort | agent based housing market microsimulation for integrated land use transportation environment model system |
| url | http://hdl.handle.net/1721.1/90434 |
| work_keys_str_mv | AT rosenfieldadam agentbasedhousingmarketmicrosimulationforintegratedlandusetransportationenvironmentmodelsystem AT chingcuancofranco agentbasedhousingmarketmicrosimulationforintegratedlandusetransportationenvironmentmodelsystem AT millerericj agentbasedhousingmarketmicrosimulationforintegratedlandusetransportationenvironmentmodelsystem |