Devisch, Oswald T J; Timmermans, Harry J P; Arentze, Theo A - In: Environment and Planning A 41 (2009) 8, pp. 1997-2013
This paper presents an agent-based model developed to simulate residential choice behaviour in a nonstationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge, and thus have to base their decisions on beliefs. The aim is to illustrate...