Download or read book Local Housing Market Simulation written by Anton Gerard Oskamp and published by Purdue University Press. This book was released on 1997 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the local level, demographic development and housing market behaviour are interacting systems. Demographic development on the one hand generates housing demand, but is constrained by housing opportunities on the other. This book describes the developme

Download or read book Local Housing Market Cycle and Loss Given Default written by Yanan Zhang and published by International Monetary Fund. This book was released on 2010-07-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that the current loan-to-value ratio (CLTV) is the most important determinant of LGD. This paper establishes another linkage which is between the house price cycles before the time of mortgage origination and LGD. The empirical analysis is based on a large loan-level sub-prime residential mortgage loss dataset from 1998 to 2009. Results show that house price history has a long memory in explaining LGD. Its explanatory power far exceeds the original LTV and other loan characteristics. This paper offers a countercyclical view of LGD risk. The model can be combined with a default probability model to serve as a regulatory prudential tool. Such a tool provides a solution to the inherent procyclical bias in BASEL II capital requirements, and can contribute to the safety and soundness of banking institutions.

Download or read book Emergent Phenomena in Housing Markets written by Lidia Diappi and published by Springer Science & Business Media. This book was released on 2012-08-04 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The housing market, like every market, is the product of thousands of interacting buyers and sellers driven by different interests. But unlike other markets, the housing market is able to profoundly transform the socioeconomic structure and the image of a city. Very often, changes in urban space are the result of the imperceptible operation of a multitude of micro-transformations which act with such great energy and decisiveness that they can transform the ‘DNA’ of entire urban neighborhoods. These qualitative novelties, unpredictable and non-deducible on the basis of the previous properties, are defined emergences. Namely emergence means a ‘pattern formation’ characterized by a self-organizing process driven by non-linear dynamics. This book explores housing market emergence in light of three different phenomena: search for housing, social polarization, and gentrification. The book is divided into two parts. The first part presents contributions on modelling emergence of different phenomena, formalised in multi-agent systems. The second part gathers empirical research and analyses aimed at supporting the findings of the models.

Download or read book Small Area Estimation and Microsimulation Modeling written by Azizur Rahman and published by CRC Press. This book was released on 2016-11-30 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small Area Estimation and Microsimulation Modeling is the first practical handbook that comprehensively presents modern statistical SAE methods in the framework of ultramodern spatial microsimulation modeling while providing the novel approach of creating synthetic spatial microdata. Along with describing the necessary theories and their advantages and limitations, the authors illustrate the practical application of the techniques to a large number of substantive problems, including how to build up models, organize and link data, create synthetic microdata, conduct analyses, yield informative tables and graphs, and evaluate how the findings effectively support the decision making processes in government and non-government organizations. Features Covers both theoretical and applied aspects for real-world comparative research and regional statistics production Thoroughly explains how microsimulation modeling technology can be constructed using available datasets for reliable small area statistics Provides SAS codes that allow readers to utilize these latest technologies in their own work. This book is designed for advanced graduate students, academics, professionals and applied practitioners who are generally interested in small area estimation and/or microsimulation modeling and dealing with vital issues in social and behavioural sciences, applied economics and policy analysis, government and/or social statistics, health sciences, business, psychology, environmental and agriculture modeling, computational statistics and data simulation, spatial statistics, transport and urban planning, and geospatial modeling. Dr Azizur Rahman is a Senior Lecturer in Statistics and convenor of the Graduate Program in Applied Statistics at the Charles Sturt University, and an Adjunct Associate Professor of Public Health and Biostatistics at the University of Canberra. His research encompasses small area estimation, applied economics, microsimulation modeling, Bayesian inference and public health. He has more than 60 scholarly publications including two books. Dr. Rahman’s research is funded by the Australian Federal and State Governments, and he serves on a range of editorial boards including the International Journal of Microsimulation (IJM). Professor Ann Harding, AO is an Emeritus Professor of Applied Economics and Social Policy at the National Centre for Social and Economic Modelling (NATSEM) of the University of Canberra. She was the founder and inaugural Director of this world class Research Centre for more than sixteen years, and also a co-founder of the International Microsimulation Association (IMA) and served as the inaugural elected president of IMA from 2004 to 2011. She is a fellow of the Academy of the Social Sciences in Australia. She has more than 300 publications including several books in microsimulation modeling.

Download or read book Microeconomic Models of Housing Markets written by Konrad Stahl and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present volume is an outgrowth of several years' interactions be tween U. S. American and W. -German economists interested in analyzing the structure and functioning of housing markets, and the impacts of govern mental policies on these markets. Such an interaction turns out to be fruitful in several respects. Unquestionably, German economists can learn a lot from the high level of sophistication exhibited in much of the American literature. However, this is not a one way road of learning and the adoption of concepts, for the following reason. Most of the analysis presented in that literature hinges on the use of the standard microeco nomics textbook tools. Now, even a casual observation of housing markets in European countries reveals that behavior and conduct in these markets do not follow the assumptions presumed in this mode of analysis, which calls into question the uncritical employment of that tool kit. This has important consequences for policy analysis and indeed, for some principal attitudes towards housing policy, and points sharply to the need for developing analytical concepts that take up more of the pecul iarities of housing market behavior and conduct. While such a develop ment may be particularly warranted in view of European housing markets, we maintain this to be the case in view of the American housing market as well.

Download or read book Planning Public Policy and Property Markets written by David Adams and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this book is on how public policy - and especially the planning system - both shapes and reflects the essential characteristics of land and property markets. It challenges the common misconceptions that property markets operate in isolation from public policy and that planning permission is the only significant form of state intervention in the market. Planning, Public Policy & Property Markets contends that effective state-market relations in land and property are critical to a prosperous economy and a robust democracy, especially at a time when development aims to be sustainable and environmental protection needs to be matched by urban and rural regeneration. The book thus reflects an increased realisation among academics and practitioners of the importance of theoretical integration and ‘joined-up’ policy-making. Its rounded perspective addresses a significant weakness in the academic literature and will encourage broader debate and a more pluralist agenda for property research. Prominent contributors present important new research on different market sectors and policy arenas, including regeneration and renewal, housing growth, housing planning, transport and economic competitiveness, while the editors specifically draw out more general lessons on the dynamic nature of the state/property market relationship in a modern economy. This book will encourage all those involved in property research who strive for theoretical and practical connectivity to demonstrate that, just as property market operations cannot be analysed without understanding state processes, policy decisions cannot be taken without an appreciation of how the market operates.

Download or read book Spatial Microsimulation for Rural Policy Analysis written by Cathal O'Donoghue and published by Springer Science & Business Media. This book was released on 2012-10-12 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to explore the challenges facing rural communities and economies and to demonstrate the potential of spatial microsimulation for policy and analysis in a rural context. This is done by providing a comprehensive overview of a particular spatial microsimulation model called SMILE (Simulation Model of the Irish Local Economy). The model has been developed over a ten year period for applied policy analyis in Ireland which is seen as an ideal study area given its large percentage of population living in rural areas. The book reviews the policy context and the state of the art in spatial microsimulation against which SMILE was developed, describes in detail its model design and calibration, and presents example of outputs showing what new information the model provides using a spatial matching process. The second part of the book explores a series of rural issues or problems, including the impacts of new or changing government or EU policies, and examines the contribution that spatial microsimulation can provide in each area.

Download or read book The Microstructures of Housing Markets written by Susan J. Smith and published by Routledge. This book was released on 2013-10-31 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.

Download or read book Multi Agent Based Simulation XI written by Tibor Bosse and published by Springer. This book was released on 2011-01-24 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a selection of the papers presented at the 11th International Workshop on Multi-Agent-Based Simulation (MABS 2010), a workshop co-located with the 9th International Joint Conference on Autonomous Agents and Multiagent Systems (AAMAS 2010), which was held on May 10-14, 2010 in Toronto, Canada. The 11 revised full papers presented were carefully reviewed and selected from 26 submissions. The workshop has been an important source of inspiration for the body of knowledge that has been produced in the field of Multi-Agent Systems (MAS). As illustrated by this volume, the workshop continues to bring together researchers interested in MAS engineering with researchers focused on finding efficient ways to model complex social systems in social, economic and organizational areas. In all these areas, agent theories, metaphors, models, analyses, experimental designs, empirical studies, and methodological principles all converge into simulation as a way of achieving explanations and predictions, exploring and testing hypotheses, and producing better designs and systems.

Download or read book Household Demography and Household Modeling written by Evert van Imhoff and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1992, a summer course 'Demographic Perspectives on Living Arrangements' as well as a one-day workshop 'Recent Issues in Household Modelling' were held in Wassenaar, The Netherlands. This volume is based on the lectures delivered during the summer course, as well as on the presentations made in the workshop. As such, the present volume combines the two elements of transfer of knowledge, on the one hand, and updating the state-of-the-art in the field of household demography, especially in household modelling, on the other hand. In organizing the contents and structure of this volume, we have aimed at creating a book that covers the field of household demography and household modelling in a certain logical and comprehensive way. The purpose of this book is to offer a comprehensive treatment of recent developments in various aspects of the growing field of household demography. Since these recent developments have particularly occurred in household analysis and modelling, these topics will receive special emphasis. The book was written for demographers, social scientists, and planners who are involved in the study and projection of popUlation in general, and of households in particular.

Download or read book The Measurement and Analysis of Housing Preference and Choice written by Sylvia J.T. Jansen and published by Springer Science & Business Media. This book was released on 2011-05-12 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the current trends in housing? Is my planned project commercially viable? What should be my marketing and advertisement strategies? These are just some of the questions real estate agents, landlords and developers ask researchers to answer. But to find the answers, researchers are faced with a wide variety of methods that measure housing preferences and choices. To select and value a valid research method, one needs a well-structured overview of the methods that are used in housing preference and housing choice research. This comprehensive introduction to this field offers just such an overview. It discusses and compares numerous methods, detailing the potential limitation of each one, and it reaches beyond methodology, illustrating how thoughtful consideration of methods and techniques in research can help researchers and other professionals to deliver products and services that are more in line with residents’ needs.

Download or read book Urban Complexity and Planning written by Shih-Kung Lai and published by Routledge. This book was released on 2016-02-17 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, there has been a new understanding of how cities evolve and function, which reflects the emergent paradigm of complexity. The crux of this view is that cities are created by differentiated actors involved in individual, small-scale projects interacting in a complex way in the urban development process. This 'bottom up' approach to urban modeling not only transforms our understanding of cities, but also improves our capabilities of harnessing the urban development process. For example, we used to think that plans control urban development in an aggregate, holistic way, but what actually happens is that plans only affect differentiated actors in seeking their goals through information. In other words, plans and regulations set restrictions or incentives of individual behaviour in the urban development process through imposing rights, information, and prices, and the analysis of the effects of plans and regulations must take into account the complex urban dynamics at a disaggregate level of the urban development process. Computer simulations provide a rigorous, promising analytic tool that serves as a supplement to the traditional, mathematical approach to depicting complex urban dynamics. Based on the emergent paradigm of complexity, the book provides an innovative set of arguments about how we can gain a better understanding of how cities emerge and function through computer simulations, and how plans affect the evolution of complex urban systems in a way distinct from what we used to think they should. Empirical case studies focus on the development of a compact urban hierarchy in Taiwan, China, and the USA, but derive more generalizable principles and relationships among cities, complexity, and planning.

Download or read book Department of Housing and Urban Development written by United States. Congress. House. Committee on Appropriations. Subcommittee on HUD-Independent Agencies and published by . This book was released on 1980 with total page 1416 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Housing and Urban Development independent Agencies Appropriations for 1981 written by United States. Congress. House. Committee on Appropriations. Subcommittee on HUD-Independent Agencies and published by . This book was released on 1980 with total page 1428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Regional and written by Peter Nijkamp and published by Elsevier. This book was released on 1986 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume of the Handbook presents professional surveys of all the important topics in urban economics. The first section contains 6 surveys on locational analysis, the second, 5 surveys of specific urban markets, and the third part presents 5 surveys of government policy issues. The book brings together exhaustive research by distinguished scholars from many countries. It is the only complete survey volume of urban economics and should serve as a reference volume to scholars and graduate students for many years. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Download or read book Planning By Law and Property Rights Reconsidered written by Barrie Needham and published by Routledge. This book was released on 2016-04-22 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries which take spatial planning seriously should take planning law and property rights also seriously. There is an unavoidable logical relationship between planning, law, and property rights. However, planning by law and property rights is so familiar and taken for granted that we do not think about the theory behind it. As a result, we do not think abstractly about its strengths and weaknesses, about what can be achieved with it and what not, how it can be improved, how it could be complemented. Such reflections are essential to cope with current and future challenges to spatial planning. This book makes the (often implicit) theory behind planning by law and property rights explicit and relates it to those challenges. It starts by setting out what is understood by planning by law and property rights, and investigates - theoretically and by game simulation - the relationships between planning law and property rights. It then places planning law and property rights within their institutional setting at three different scales: when a country undergoes enormous social and political change, when there is fundamental political debate about the power of the state within a country, and when a country changes its legislation in response to European policy. Not only changing institutions, but also global environmental change, pose huge challenges for spatial planning. The book discusses how planning by law and property rights can respond to those challenges: by adaptive planning), by adaptable property rights, and by public policies at the appropriate geographical level. Planning by law and property rights can fix a local regime of property rights which turns out to be inappropriate but difficult to change. It questions whether such regimes can be changed and whether planning agencies can make such undesirable lock-ins less likely by reducing market uncertainty and, if so, by what means.

Download or read book GIS for Housing and Urban Development written by National Research Council and published by National Academies Press. This book was released on 2003-03-26 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report describes potential applications of geographic information systems (GIS) and spatial analysis by HUD's Office of Policy Development and Research for understanding housing needs, addressing broader issues of urban poverty and community development, and improving access to information and services by the many users of HUD's data. It offers a vision of HUD as an important player in providing urban data to federal initiatives towards a spatial data infrastructure for the nation.