If you build it, who will come? A general equilibrium model of residential location choice and vehicle ownership in response to housing policy changes in Los Angeles

Authors: Matthew Conway*, Arizona State University
Topics: Land Use, Urban Geography
Keywords: residential location choice,vehicle ownership,housing policy,discrete choice models
Session Type: Virtual Paper
Day: 4/8/2021
Start / End Time: 9:35 AM / 10:50 AM
Room: Virtual 23
Presentation File: No File Uploaded

Regions across the country are considering policies to increase housing supply to try to ease affordability problems. These policies will have transport effects as well as effects on the housing market. This paper uses an equilibrium sorting model to simulate where households will choose to live after a change to housing supply in the Los Angeles region, and then simulates how those residential locations affect their car ownership. The land use scenarios that promote more urban housing result in the lowest car ownership, but effect sizes are modest. This model form is promising for simulating the housing and transport policy implications of changes to housing supply.

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