A review of the housing market-clearing process in integrated land-use and transport models

IF 1.6 4区 工程技术 Q4 TRANSPORTATION Journal of Transport and Land Use Pub Date : 2023-10-03 DOI:10.5198/jtlu.2023.2268
Yicong Liu, Eric J. Miller, Khandker Nurul Habib
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Abstract

The land-use/transport interaction (LUTI) modeling framework has become the current state of best practice for analyzing the interdependency between the land-use and transportation systems. This paper presents a comprehensive review of the housing market-clearing mechanisms used in operational LUTI models. Market clearing is a critical component of modeling housing markets, but a systematic review and critique of the current state of the art have not previously been undertaken. In the review paper, the theoretical foundations for modeling household location choice are reviewed, including bid-rent and random utility theories. Five LUTI models are discussed in detail: two equilibrium models, MUSSA and RELU-TRAN, and three dynamic disequilibrium models, UrbanSim, ILUTE, and SimMobility. The discussion focuses on the following key points: the assumptions embedded in the models, the aggregation level of households and locations, computational cost and operationalization of the models. One of the challenges is that there are rarely any empirical studies that compare the performance of equilibrium and dynamic models in the same study context. Future research is recommended to empirically investigate the pros and cons of the two modeling approaches and compare the model performances for their representativeness of real-world behavior, computational efficiencies, and abilities for policy analysis. More sophisticated studies about the impacts of agents’ behavior on the housing market-clearing process are also recommended.
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审查综合土地使用和运输模式的住房市场清理过程
土地利用/交通交互作用(LUTI)建模框架已成为当前分析土地利用与交通系统相互依赖关系的最佳实践。本文对可操作的LUTI模型中使用的住房市场出清机制进行了全面的回顾。市场出清是住房市场建模的一个关键组成部分,但对当前技术状况的系统审查和批评以前没有进行过。本文综述了家庭区位选择建模的理论基础,包括竞价租金理论和随机效用理论。详细讨论了五个LUTI模型:两个均衡模型MUSSA和RELU-TRAN,以及三个动态非均衡模型UrbanSim, ILUTE和SimMobility。讨论的重点是:模型中嵌入的假设、家庭和地点的聚集水平、计算成本和模型的可操作性。挑战之一是很少有实证研究比较均衡模型和动态模型在同一研究背景下的表现。未来的研究建议对这两种建模方法的优缺点进行实证研究,并比较模型对现实世界行为的代表性、计算效率和政策分析能力。还建议进行更复杂的研究,研究代理人的行为对房地产市场出清过程的影响。
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来源期刊
CiteScore
3.40
自引率
5.30%
发文量
34
审稿时长
30 weeks
期刊介绍: The Journal of Transport and Land Usepublishes original interdisciplinary papers on the interaction of transport and land use. Domains include: engineering, planning, modeling, behavior, economics, geography, regional science, sociology, architecture and design, network science, and complex systems. Papers reporting innovative methodologies, original data, and new empirical findings are especially encouraged.
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