MR POTATOHEAD: Real Estate Market Edition — Development of a common description template for agent-based residential real estate market models

Dawn Parker, Corrine Ida (), Claudio Detotto (), Tatiana Filatova, Jiaqi Ge, Yu Huang, Eric Innocenti (), Nicholas Magliocca, J. Gareth Polhill, Dominique Prunetti () and Shahab Valaei Sharif
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Dawn Parker: University of Waterloo [Waterloo]
Corrine Ida: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Claudio Detotto: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli], CRENOS - UniCa - Università degli Studi di Cagliari = University of Cagliari = Université de Cagliari
Jiaqi Ge: TU Delft - Delft University of Technology
Yu Huang: OUC - Ocean University of China
Eric Innocenti: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Nicholas Magliocca: UA - University of Alabama [Tuscaloosa]
J. Gareth Polhill: The James Hutton Institute
Dominique Prunetti: LISA - Laboratoire « Lieux, Identités, eSpaces, Activités » (UMR CNRS 6240 LISA) - CNRS - Centre National de la Recherche Scientifique - Università di Corsica Pasquale Paoli [Université de Corse Pascal Paoli]
Shahab Valaei Sharif: University of Waterloo [Waterloo]

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Abstract: In recent years, a wide range of agent-based real-estate market models (ABM-REMMs) have been developed to incorporate actor and environmental heterogeneity and feedbacks between scales, features not possible in traditional real-estate market models. Despite close communication and collaboration between scholars, independent research groups have developed customized model codes, often in different programming languages. To synthesize this knowledge, we present a new meta-model template "MR POTATOHEAD: Real Estate Market Edition" (MP-REME), developed collaboratively by the authors, to describe and compare six independently developed ABM-REMMs. We demonstrate that the six models are special cases of a generalized meta-model, which is suitable for a wide range of agent-based exploration of real-estate market dynamics. The MP-REME templates can serve as a design pattern to catalyze development of a community ABM-REMM code base, facilitating faster model development, model transparency and replicability, and model comparison. Residential real estate (land and housing) markets impact a wide variety of critical socio-ecological outcomes at local, national, and international scales, and scientifically robust and transparent real-estate market models are needed to explore the impacts of these markets on socio-ecological outcomes. Given the range of differences between models, development of such a standard model is critical to increase confidence in the application of ABM-REMMs to policy analysis of issues such as urban flooding, carbon sequestration, heat island mitigation, and biodiversity preservation.

Keywords: reuseable building blocks; model replication; design pattern; real-estate markets; agent-based modeling (search for similar items in EconPapers)
Date: 2026-09-11
Note: View the original document on HAL open archive server: https://hal.science/hal-05747447v1
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Published in Socio-Environmental Systems Modelling, 2026, 8, pp.18913. ⟨10.18174/sesmo.18913⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05747447

DOI: 10.18174/sesmo.18913

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