Conference paper
An agent-based model of the English housing market
Publisher
Housing prices
Mortgages
Real estate
Agent-based modelling
Housing markets
United Kingdom
England
Description
Markets for domestic housing in countries like England differ from other markets because the stock is fixed in the short term, buyers need to raise mortgages to finance their purchases and prices tend to be set through intermediaries (‘estate agents’ or realtors). We introduce an agent-based model in which some of the main features of the English market emerge from interactions between buyers, realtors and sellers and use this model to investigate shocks to the market.
Publication Details
Copyright:
2009 Association for the Advancement of Artificial Intelligence
License type:
All Rights Reserved
Access Rights Type:
open
Post date:
25 May 2018
