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INET-Complexity / housing-model

Agent-based model of the UK housing market.
MIT License
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Add mortgage default algorithms for Household agents #24

Closed davidrpugh closed 8 years ago

davidrpugh commented 9 years ago

We need to add algorithms for handling two different types of default:

  1. Simple default "Exception"
  2. Strategic default

Council on Mortgage Lenders (CML) seems like a good place to start for rules and regulations with respect to mortgage default.

davidrpugh commented 9 years ago

Check Axtell et al (2014) for the rule used to model strategic default.