Abstract
Of the existing quantitative models of urban housing markets, the HUDS (Harvard Urban Development Simulation) model provides the most explicit and spatially detailed representation of market structure and dynamics. Although HUDS represents other phenomena such as industrial location, transportation systems, and changes in the demographic structure of the population, it focuses primarily on the behavior of housing consumers, suppliers and the housing market. Under development for nearly 15 years, HUDS is a direct lineal descendent of the Detroit Prototype of the NBER Urban Simulation Model.1 The differences between these two computer simulation models are so extensive, however, that it is best to consider HUDS a completely new model.
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© 1985 Springer-Verlag Berlin Heidelberg
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Kain, J.F., Apgar, W.C. (1985). The Harvard Urban Development Simulation Model. In: Stahl, K. (eds) Microeconomic Models of Housing Markets. Lecture Notes in Economics and Mathematical Systems, vol 239. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46531-4_2
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DOI: https://doi.org/10.1007/978-3-642-46531-4_2
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