The MUSSA II Land Use Auction Equilibrium Model

Francisco Martínez () and Pedro Donoso
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Francisco Martínez: University of Chile
Pedro Donoso: University of Chile

A chapter in Residential Location Choice, 2010, pp 99-113 from Springer

Abstract: Abstract In this chapter the description of a new version of the MUSSA model is presented. The supply side of the model leading to new equilibrium problems and a solution algorithm that enhances the model performance has been significantly improved. The model is designed to forecast the expected location of agents, residents and firms, in an urban area. The model stands upon the paradigm of static market equilibrium.

Keywords: Real Estate; Equilibrium Problem; Utility Level; Location Externality; Gumbel Distribution (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-12788-5_5

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DOI: 10.1007/978-3-642-12788-5_5

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