Agent Based Modeling of Housing Market

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Mazhari Kadijani, Nahid | 2016

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 48285 (02)
University: Sharif University of Technology
Department: Mathematical Sciences
Advisor(s): Ramezanian, Rasoul; Haji Mirsadeghi, Mir Omid
Abstract:
Housing is one of the important staple goods. The main different between housing market and the other markets is limitation of stock at short term. So it is very important to regularize housing market for apropos accountability and according to society consumption demand. This document introduce the result of an agent based modeling of housing market. There are agents that find out the maximum utility for choosing one of following house related conditions: purchase, sale and lease agreement. In fact in this model people have two phases. The effect of land value taxation for regularization of housing market will analyses with this model. Its seems that by implementation of mentioned tax, the number of people that are bought the house to save the money and investment is decreased and pursuant to it, the oscillation of price will decrease in long term and owned habitation will increase
Keywords:
Housing Market ; Agent Based Modeling ; Utility Function ; Land Value Taxation