A multidimensional decisions modeling framework for built space supply

The spatial and temporal distribution of built space supply plays an important role in shaping urban form and thus the general travel pattern in an urban area. Within an integrated framework, the authors are interested in modeling the decisions of a builder in terms of when, where, what type, and how much built space to build. They present a multidimensional discrete-continuous model formulation for the built space supply decisions that are based on expected profit maximization. The framework is applied to estimate a model for supply of new office space in the greater Toronto area (GTA) for the 1986 to 2006 period. To the authors' knowledge, this work is the first that models the where, when, how much, and what type of office space to build in a single econometric framework at a fairly disaggregate spatial zoning system. The results indicate risk taker behavior on the builders' part, while market conditions and supply of resources (labor, construction cost, etc.) are also found to be important factors in decision making.

• Record URL:
  https://doi.org/10.5198/jtlu.v6i3.350
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/19387849
• Supplemental Notes:
  • © 2013 Bilal Farooq et al.
• Authors:
  • Farooq, Bilal
  • Miller, Eric J
  • Haider, Murtaza
• Publication Date: 2013

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 61-74
• Serial:
  • Journal of Transport and Land Use
  • Volume: 6
  • Issue Number: 3
  • Publisher: University of Minnesota, Minneapolis
  • ISSN: 1938-7849
  • Serial URL: https://www.jtlu.org/index.php/jtlu
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Decision making; Land use; Office buildings; Profits; Urban areas; Zoning
• Geographic Terms: Toronto (Canada)
• Subject Areas: Bridges and other structures; Construction; Highways; Planning and Forecasting; I50: Construction and Supervision of Construction; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01504737
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 27 2014 9:40AM