Chapter
Jun 29, 2016
Housing Price Forecast of a District along a Rail Transit Line Based on a Residential Location and Transportation Model
Publication: CICTP 2016
Abstract
This paper proposes an integrated residential location and transportation model to calculate the housing price. First, according to the population distribution, we determine the operation parameters of a newly planned rail transit line in a profit-maximization model (i.e., site location, headway and fare, etc.). Then, the generalized transportation cost is calculated for each site. An integrated residential location and transportation model is subsequently defined in logit form with the variability of the average housing price and the generalized transport cost. Finally, the equilibrium average housing prices at each site are calculated based on the condition of housing supply and demand being in balance.
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Published In
CICTP 2016
Pages: 2141 - 2153
Copyright
© 2016 American Society of Civil Engineers.
History
Published online: Jun 29, 2016
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School of Economics and Management, Fuzhou Univ., Fuzhou 350116, P.R. China. E-mail: [email protected]
School of Economics and Management, Fuzhou Univ., Fuzhou 350116, P.R. China. E-mail: [email protected]
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
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