研究者情報 | 神奈川大学

イワタ　シンイチロウ Iwata Shinichiro 岩田　真一郎所属神奈川大学経済学部経済学科/現代ビジネス学科神奈川大学大学院経済学研究科経済学専攻（公共政策コース）職種教授
言語種別	英語
発行・発表の年月	2011/01
形態種別	学術雑誌
査読	査読あり
標題	Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court
執筆形態	共著
掲載誌名	JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS
掲載区分	国外
出版社・発行元	SPRINGER
巻・号・頁	42(1),pp.84-98
著者・共著者	Takako Idee,Shinichiro Iwata,Teruyuki Taguchi
概要	Foreclosure properties sold at Japanese judicial auctions are delivered to buyers with an unclear title when occupants exist, because the foreclosure laws protect occupants from compulsory execution of auctions. The existence of occupants theoretically affects the auction price through two channels. First, it affects the reserve price, and this changes in auction price. Second, the number of bidders changes in response to changes in the reserve price that is controlled by occupants, and this changes the auction price. Using data from the Osaka District Court, we empirically find that the existence of occupants in properties reduces the auction price through two channels.
DOI	10.1007/s11146-009-9169-z
ISSN	08955638