MUST-B: a multi-agent LUTI model for systemic simulation of urban policies

Nathalie Gaussier and Seghir Zerguini

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

Abstract: This article is part of the STRATEGIE research project co-financed by the Région Nouvelle Aquitaine. It presents the MUST-B model (Integrated Modeling of Land-Use – Transport: for application in the Bordeaux agglomeration) which is based on systemic land-use / transport modeling with regards to how the land and property markets operate, and the interdependent factors for selecting the locations of households and employment. MUST-B is an agent-oriented model which simulates household and job location choices. It is based on an auction mechanism which models competition between agents in the real estate market (existing property holdings, including residential, industrial and tertiary) and in the land property market (from buildable land reserves) over a given timeframe. This auction procedure is based on maximizing the utility provided to the agent by a given location: housing for a household and an area for business activity for employment premises. Utility is a function of several characteristics relating to the space and premises occupied, such as accessibility, surface area, energy quality of the building, notoriety, agglomeration effects and taxes, or property prices, the latter being endogenous. In this article, the mechanisms and functioning of the land property and real estate markets which prevail in MUST-B are presented. Methodological choices and behavioral guidelines for agents (households/workplaces), are also set out, and to illustrate the operational nature of the model, the databases required for implementing the MUST-B in the Bordeaux Urban Area are presented.

Keywords: LUTI; Choice of location; Households; Employment; Accessibility; Real estate prices; Multi-agent; Systemic modeling. (search for similar items in EconPapers)
JEL-codes: R14 R31 R41 R52 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cmp, nep-upt and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2019-13

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