Continuous Symmetry Analysis of the Effects of City Infrastructures on Invariant Metrics for House Market Volatilities
Chien-Wen Lin1, Jen-Cheng Wang2, Bo-Yan Zhong3, Joe-Air Jiang4,5, Ya-Fen Wu6, Shao-Wei Leu1, Tzer-En Nee3,7,*
CMES-Computer Modeling in Engineering & Sciences, Vol.133, No.3, pp. 619-638, 2022, DOI:10.32604/cmes.2022.021324
Abstract The invariant metrics of the effects of park size and distance to public transportation on housing value volatilities in Boston, Milwaukee, Taipei and Tokyo are investigated. They reveal a Cobb-Douglas-like behavior. The scale-invariant exponents corresponding to the percentage of a green area (a) are 7.4, 8.41, 14.1 and 15.5 for Boston, Milwaukee, Taipei and Tokyo, respectively, while the corresponding direct distances to the nearest metro station (d) are −5, −5.88, −10 and −10, for Boston, Milwaukee, Taipei and Tokyo, respectively. The multiphysics-based analysis provides a powerful approach for the symmetry characterization of market engineering. The scaling exponent ratio between park… More >