Simulation of the Housing Rental Market Using Agent-Based Modeling Case Study: District 6 of Isfahan City

Document Type : Research Paper

Authors

1 Ph.D. Student, Dept. of Economics, University of Isfahan

2 Professor, Dept. of Economics, University of Isfahan

3 Associate Professor, Dept. of Economics, University of Isfahan,

4 Ali Asgary, Associate Professor of Disaster, York University

Abstract

This study tries to predict the rental rates in district six of Isfahan for five years in the future by using an agent-based model. According to this simulation, district of Hezar Jerib has the highest and Hemat Abad has the lowest rental rate. Districts of Sa'adat Abad, Abshar, Baghnegar, Feiz, Masjed Mosala, Kuye Emam, Takht-e Foulad and Shahid Keshvari are followed by the district of Hezar Jerib. From the demand point of view, the high rental rate in Hezar Jerib district is due to higher comfort index in that region. From the supply point of view, the high rental rate in Hezar Jerib district is due to low supply of residential units.
JEL Classification: R31, R21, C63, E17

Keywords

References

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History

  • Receive Date: 27 May 2019
  • Revise Date: 23 December 2019
  • Accept Date: 13 May 2020

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