Modeling Urban Housing Market Dynamics: Evolutionary Patterns of Households and Housing in Amsterdam (Studies in Regional Science and Urban Economics)

The question of the future of the city is urgent. On the one hand one may argue that the massive suburbanization which has been so typical for the developed world for many decades will result in the death of the city. On the other hand it is possible that the emergence of new lifestyles will result in a revitalization of urban society. The understanding and modelling of household development processes in an urban context can give important answers to the question of the future of the city. This book describes the development of a dynamic model for the urban housing market. The model is implemented and tested empirically in the Amsterdam metropolitan region. The model consists of three related submodels which are linked by means of an accounting framework, namely (1) a dynamic household model that predicts transitions in the household structure in the agglomeration of Amsterdam, (2) a housing demand model that evaluates the outcomes of the household transitions in terms of (changing) household preferences, and (3) an allocation model that relates the housing demand, disaggregated by zone, dwelling type and household type, to housing supply.