01337958

Component

The spatial and temporal distribution of built space supply plays an important role in shaping urban form and thus the general travel pattern in an urban area. Within an integrated framework, the authors are interested in modeling the decisions of a builder in terms of when, where, what type, and how much built-space to build. The authors present a discrete-continuous model formulation for the built space supply decisions that are based on expected profit maximization. The framework is applied to estimate a model for supply of new office space in the Greater Toronto Area (GTA) for the duration of 1986 to 2006. To the authors knowledge, this work is the first that models the where, when, how much, and what type of office space to supply in a single econometric framework at a fairly disaggregate spatial zoning system. The results indicates a risk taker behaviour on the builders’ part, while market conditions and supply of resources (labour, construction cost etc.) are also found to be important factors in decision making.

The DVD lists the title of this paper as: Multidimensional Decision Modeling Framework for Built Space Supply.

01329018

11-1456

English

21p

2011

Transportation Research Board 90th Annual Meeting

DVD

References (41) ; Tables (3)

Built environment; Decision making; Office buildings; Spatial analysis; Travel patterns; Urban areas; Zoning

Space; Space utilization; Temporal analysis

Toronto (Canada)

Planning and Forecasting; I72: Traffic and Transport Planning

Transportation Research Board Annual Meeting 2011 Paper #11-1456

TRIS, TRB

Feb 17 2011 5:48PM