We formulate a microeconomic model of residential location choice behavior as an aggregate of the individual behaviors of household members, subject to individual time constraints and a common income budget. A simplified version of the model is estimated from stated preference rank-order data,...

A model of the static equilibrium in the real estate market is studied in this paper and a solution algorithm is proposed. Consumers and real estate suppliers are assumed to have idiosyncratic differences, which are described by the discrete choice theory with random-utility and profit-behavior....

The notion of access has evolved from a physical measure of trip interaction to a more economic concept associated with transport benefits. This paper follows the economic interpretation forward in order to understand the potentiality of access as a consistent economic link between the land use...