English, Article edition: An agent-based model of residential choice dynamics in nonstationary housing markets Oswald T J Devisch; Harry J P Timmermans; Theo A Arentze; ...

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Bookmark: http://trove.nla.gov.au/version/107040
Physical Description
  • article
Language
  • English

Edition details

Title
  • An agent-based model of residential choice dynamics in nonstationary housing markets
Author
  • Oswald T J Devisch
  • Harry J P Timmermans
  • Theo A Arentze
  • Aloys W J Borgers
Physical Description
  • article
Notes
  • This paper presents an agent-based model developed to simulate residential choice behaviour in a nonstationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge, and thus have to base their decisions on beliefs. The aim 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.
  • RePEc:pio:envira:v:41:y:2009:i:8:p:1997-2013
Language
  • English
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