Microsimulation of Residential Land Development and Household Location Choices: The Bidding Process for the Case of Austin, Texas

摘要: This paper will investigate single-family residential development for housing market equilibria using microeconomic theory and disaggregate spatial data. A logit model notions of price competition are used to simulate household location choices in six different scenarios, with either one or multiple employment center(s) low, medium high value-of-travel-time assumptions. Consistent bid-rent theory, equilibrium each scenario was reached an iterative fashion. The allocation new households the region Austin, Texas illustrates potential shape things come, endogenously determined home prices demographic distributions, based on job access. As expected, positive autocorrelation distributions observed.