A two-sided market model of land responsive to changes in site choices associated with urban development
The authors develop a model of the interaction between land transactions and destination choice in a trip chain observed in micro-regional scale location data. Proposed models consist of three subset models: a seller-buyer matching model based on a discrete choice model and a sequential pedestrian location choice model. In the seller-buyer interaction, there is mutual inference for buying and selling by introducing the estimated amount of purchase and estimated amount of sale into the utility function. The authors confirmed that the model can be estimated by structural estimation using pedestrian behavior data and real estate registration information, enabling them to observe transactions simultaneously.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/09160647
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Authors:
- Kobayashi, Risa
- Hato, Eiji
- Publication Date: 2021
Language
- English
- Japanese
Media Info
- Media Type: Web
- Features: References;
- Pagination: pp 524-531
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Serial:
- Journal of the City Planning Institute of Japan
- Volume: 56
- Issue Number: 3
- Publisher: City Planning Institute of Japan
- ISSN: 0916-0647
- EISSN: 2185-0593
- Serial URL: https://www.jstage.jst.go.jp/browse/journalcpij/-char/en
Subject/Index Terms
- TRT Terms: Choice models; Land use models; Markets; Urban development
- Subject Areas: Planning and Forecasting; Transportation (General);
Filing Info
- Accession Number: 01789431
- Record Type: Publication
- Source Agency: Japan Science and Technology Agency (JST)
- Files: TRIS, JSTAGE
- Created Date: Nov 23 2021 1:56PM