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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  • Accession Number: 01789431
  • Record Type: Publication
  • Source Agency: Japan Science and Technology Agency (JST)
  • Files: TRIS, JSTAGE
  • Created Date: Oct 24 2021 3:23PM