A conceptual design for a bilateral agent-based land market with heterogeneous economic agents

@article{Parker2008ACD,
  title={A conceptual design for a bilateral agent-based land market with heterogeneous economic agents},
  author={Dawn Cassandra Parker and Tatiana Filatova},
  journal={Computers, Environment and Urban Systems},
  year={2008},
  volume={32},
  pages={454-463}
}
This paper presents a conceptual design for an agent-based bilateral residential land market. The design includes interactions between multiple buyers and sellers (household agents, developers, and rural land owners) and two local feedbacks to land value—price expectation formation based on local neighborhoods and spatial externalities. To address the methodological challenges inherent in the transition from equilibrium-based analytical models to agent-based simulation, we combine traditional… CONTINUE READING
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