A Comprehensive Method with Endogenous Land Price for Forecasting Residential Location and Estimating Neighborhood Benefits
| Project/Area Number |
61550380
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
交通工学・国土計画
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| Research Institution | University of Gifu |
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Principal Investigator |
MORISUGI Hisayoshi Professor, Dept. of Civil Eng. University of Gifu, 工学部, 教授 (80026161)
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| Co-Investigator(Kenkyū-buntansha) |
OHNO Eiji Research Associate, Dept. of Civil Eng. University of Gifu, 工学部, 助手 (50175246)
MIYAGI Toshihiko Associate Professor, Dept. of Civil Eng. University of Gifu, 工学部, 助教授 (20092968)
KATHO Akira Professor, Dept. of Civil Eng. University of Gifu, 工学部, 教授 (10021560)
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| Project Period (FY) |
1986 – 1987
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| Project Status |
Completed (Fiscal Year 1987)
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| Budget Amount *help |
¥1,700,000 (Direct Cost: ¥1,700,000)
Fiscal Year 1987: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 1986: ¥1,000,000 (Direct Cost: ¥1,000,000)
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| Keywords | Landuse / Residential location / Behavioral modelling / Random utility theory / Satisfaction function / Market equilibrium / Land Price / EV / 居住地選択モデル / EV(等価的偏差) |
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| Research Abstract |
This study constructs a residential land use model with endogenous land pricedetermined by the land market equilibrium. Theoretically the land demand function is modelled by the Random Utility Theory; the land supply function is supposed to have variables of land price, population and area limits: and the equilibrium land price function is induced by the land market equilibrium conditions.
As for its parameter estimation and forecasting, this study pays its attentions to only demand in terms of numbers of households and equilibrium land price functions (i.e. excluding land demand and supply function). Because by doing so we can avoid both land market clearance conditions and specification of land supply functions. Instead we can formulate those by using only numbers of households and land prices.
This study also examines the applicability of our model through the case study on Gifu Prefecture.
The results are satisfactory in terms of accuracy on the present numbers of households and the land prices in each zone, but unreliable on those differences between 1980 and 1985. Finally by using the concept of Equivalent Variation, this study checks the approximation degree of property value approach on neighborhood benefits estimation.
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Report
(2 results)
Research Products
(18 results)
