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

Keywords: residential location choice,vehicle ownership,housing policy,discrete choice models
Session Type: Virtual Paper
Day: Thursday
Session Start / End Time: 4/8/2021 09:35 AM (Pacific Time (US & Canada)) - 4/8/2021 10:50 AM (Pacific Time (US & Canada))
Room: Virtual 23

Abstract

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.