IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v46y2012i7p1030-1053.html
   My bibliography  Save this article

Towards integrated land use and transportation: A dynamic disequilibrium based microsimulation framework for built space markets

Author

Listed:
  • Farooq, Bilal
  • Miller, Eric J.

Abstract

Investigating the factors and processes that influence the spatiotemporal distribution of built space and population in an urban area, plays an extremely important role in our greater understanding of the urban travel behaviour. Existing location of activity centres, especially home and work, strongly influences the short-term individual-level decisions such as mode of transportation, and long-term household-level decisions such as change in job and residential location. Conditions in the built space market also affect households’ and firms’ location and relocation decisions, and hence influence the general travel patterns in an urban area. In this context, this paper addresses a very important, but at the same time, not very widely investigated dimension that plays a key role in the evolution of built space and population distribution: Market. A disequilibrium based microsimulation modelling framework is developed for the built space markets. This framework is then used to operationalize the Greater Toronto and Hamilton Area’s owner-occupied housing market within Integrated Land Use Transportation and Environment (ILUTE) modelling system. Simulation results captured heterogeneity in the transaction prices, due to type of dwellings and different market conditions, in a very disaggregate fashion. The proposed methodology is validated by running the simulation from 1986 to 2006 and comparing the results with the historic data.

Suggested Citation

  • Farooq, Bilal & Miller, Eric J., 2012. "Towards integrated land use and transportation: A dynamic disequilibrium based microsimulation framework for built space markets," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(7), pages 1030-1053.
    • Handle: RePEc:eee:transa:v:46:y:2012:i:7:p:1030-1053
    DOI: 10.1016/j.tra.2012.04.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965856412000699
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tra.2012.04.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Klaus, Bettina, 2008. "The coordinate-wise core for multiple-type housing markets is second-best incentive compatible," Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 919-924, September.
    2. Frejinger, E. & Bierlaire, M. & Ben-Akiva, M., 2009. "Sampling of alternatives for route choice modeling," Transportation Research Part B: Methodological, Elsevier, vol. 43(10), pages 984-994, December.
    3. Guillermo Owen, 1992. "The Assignment Game : The Reduced Game," Annals of Economics and Statistics, GENES, issue 25-26, pages 71-79.
    4. H C W L Williams, 1977. "On the Formation of Travel Demand Models and Economic Evaluation Measures of User Benefit," Environment and Planning A, , vol. 9(3), pages 285-344, March.
    5. repec:adr:anecst:y:1992:i:25-26:p:03 is not listed on IDEAS
    6. Takamiya, Koji, 2001. "Coalition strategy-proofness and monotonicity in Shapley-Scarf housing markets," Mathematical Social Sciences, Elsevier, vol. 41(2), pages 201-213, March.
    7. Ellickson, Bryan, 1981. "An alternative test of the hedonic theory of housing markets," Journal of Urban Economics, Elsevier, vol. 9(1), pages 56-79, January.
    8. Lawrence B. Smith, 1969. "A Bi-Sectoral Housing Market Model," Canadian Journal of Economics, Canadian Economics Association, vol. 2(4), pages 557-569, November.
    9. Wako, Jun, 2005. "Coalition-proof Nash allocation in a barter game with multiple indivisible goods," Mathematical Social Sciences, Elsevier, vol. 49(2), pages 179-199, March.
    10. Swait, Joffre, 2001. "Choice set generation within the generalized extreme value family of discrete choice models," Transportation Research Part B: Methodological, Elsevier, vol. 35(7), pages 643-666, August.
    11. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    12. Chris Leishman & Glen Bramley, 2005. "A Local Housing Market Model with Spatial Interaction and Land-Use Planning Controls," Environment and Planning A, , vol. 37(9), pages 1637-1649, September.
    13. Patrick Bayer & Robert McMillan & Kim Rueben, 2004. "An Equilibrium Model of Sorting in an Urban Housing Market," NBER Working Papers 10865, National Bureau of Economic Research, Inc.
    14. Swait, Joffre & Ben-Akiva, Moshe, 1987. "Incorporating random constraints in discrete models of choice set generation," Transportation Research Part B: Methodological, Elsevier, vol. 21(2), pages 91-102, April.
    15. Martínez, Francisco & Aguila, Felipe & Hurtubia, Ricardo, 2009. "The constrained multinomial logit: A semi-compensatory choice model," Transportation Research Part B: Methodological, Elsevier, vol. 43(3), pages 365-377, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zolfaghari, Alireza & Sivakumar, Aruna & Polak, John, 2013. "Simplified probabilistic choice set formation models in a residential location choice context," Journal of choice modelling, Elsevier, vol. 9(C), pages 3-13.
    2. Qingxu Huang & Dawn C Parker & Tatiana Filatova & Shipeng Sun, 2014. "A Review of Urban Residential Choice Models Using Agent-Based Modeling," Environment and Planning B, , vol. 41(4), pages 661-689, August.
    3. Kii, Masanobu & Nakanishi, Hitomi & Nakamura, Kazuki & Doi, Kenji, 2016. "Transportation and spatial development: An overview and a future direction," Transport Policy, Elsevier, vol. 49(C), pages 148-158.
    4. Haque, Md Bashirul & Choudhury, Charisma & Hess, Stephane, 2020. "Understanding differences in residential location preferences between ownership and renting: A case study of London," Journal of Transport Geography, Elsevier, vol. 88(C).
    5. Taha H Rashidi & Milad Ghasri, 2019. "A competing survival analysis for housing relocation behaviour and risk aversion in a resilient housing market," Environment and Planning B, , vol. 46(1), pages 122-142, January.
    6. Tsoleridis, Panagiotis & Choudhury, Charisma F. & Hess, Stephane, 2022. "Utilising activity space concepts to sampling of alternatives for mode and destination choice modelling of discretionary activities," Journal of choice modelling, Elsevier, vol. 42(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Di Feng & Bettina Klaus & Flip Klijn, 2022. "A Characterization of the Coordinate-Wise Top-Trading-Cycles Mechanism for Multiple-Type Housing Markets," Cahiers de Recherches Economiques du Département d'économie 22.06, Université de Lausanne, Faculté des HEC, Département d’économie.
    2. Swait, Joffre, 2009. "Choice models based on mixed discrete/continuous PDFs," Transportation Research Part B: Methodological, Elsevier, vol. 43(7), pages 766-783, August.
    3. Feng, Di & Klaus, Bettina & Klijn, Flip, 2024. "Characterizing the typewise top-trading-cycles mechanism for multiple-type housing markets," Games and Economic Behavior, Elsevier, vol. 146(C), pages 234-254.
    4. Bhat, Chandra R., 2015. "A comprehensive dwelling unit choice model accommodating psychological constructs within a search strategy for consideration set formation," Transportation Research Part B: Methodological, Elsevier, vol. 79(C), pages 161-188.
    5. Di Feng & Bettina Klaus, 2022. "Preference revelation games and strict cores of multiple‐type housing market problems," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(1), pages 61-76, March.
    6. Kaplan, Sigal & Shiftan, Yoram & Bekhor, Shlomo, 2012. "Development and estimation of a semi-compensatory model with a flexible error structure," Transportation Research Part B: Methodological, Elsevier, vol. 46(2), pages 291-304.
    7. Cascetta, Ennio & Papola, Andrea, 2009. "Dominance among alternatives in random utility models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(2), pages 170-179, February.
    8. Di Feng, 2023. "Endowments-swapping-proofness and Efficiency in Multiple-Type Housing Markets," Discussion Paper Series DP2023-14, Research Institute for Economics & Business Administration, Kobe University.
    9. Altuntaş, Açelya & Phan, William & Tamura, Yuki, 2023. "Some characterizations of Generalized Top Trading Cycles," Games and Economic Behavior, Elsevier, vol. 141(C), pages 156-181.
    10. Leite Mariante, Gabriel & Ma, Tai-Yu & Van Acker, Véronique, 2018. "Modeling discretionary activity location choice using detour factors and sampling of alternatives for mixed logit models," Journal of Transport Geography, Elsevier, vol. 72(C), pages 151-165.
    11. Kassahun, Habtamu Tilahun & Swait, Joffre & Jacobsen, Jette Bredahl, 2021. "Distortions in willingness-to-pay for public goods induced by endemic distrust in institutions," Journal of choice modelling, Elsevier, vol. 39(C).
    12. Kawasaki, Ryo, 2015. "Roth–Postlewaite stability and von Neumann–Morgenstern stability," Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 1-6.
    13. Pilli, Luis & Swait, Joffre & Mazzon, José Afonso, 2022. "Jeopardizing brand profitability by misattributing process heterogeneity to preference heterogeneity," Journal of choice modelling, Elsevier, vol. 43(C).
    14. Zolfaghari, Alireza & Sivakumar, Aruna & Polak, John, 2013. "Simplified probabilistic choice set formation models in a residential location choice context," Journal of choice modelling, Elsevier, vol. 9(C), pages 3-13.
    15. Campbell, Danny & Mørkbak, Morten Raun & Olsen, Søren Bøye, 2018. "The link between response time and preference, variance and processing heterogeneity in stated choice experiments," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 18-34.
    16. Chorus, Caspar G., 2014. "Benefit of adding an alternative to one׳s choice set: A regret minimization perspective," Journal of choice modelling, Elsevier, vol. 13(C), pages 49-59.
    17. Monte, Daniel & Tumennasan, Norovsambuu, 2015. "Centralized allocation in multiple markets," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 74-85.
    18. van den Brink, René & Núñez, Marina & Robles, Francisco, 2021. "Valuation monotonicity, fairness and stability in assignment problems," Journal of Economic Theory, Elsevier, vol. 195(C).
    19. Habtamu Tilahun Kassahun & Bo Jellesmark Thorsen & Joffre Swait & Jette Bredahl Jacobsen, 2020. "Social Cooperation in the Context of Integrated Private and Common Land Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 105-136, January.
    20. Tsoleridis, Panagiotis & Choudhury, Charisma F. & Hess, Stephane, 2022. "Utilising activity space concepts to sampling of alternatives for mode and destination choice modelling of discretionary activities," Journal of choice modelling, Elsevier, vol. 42(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:46:y:2012:i:7:p:1030-1053. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.