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	2007/09
形態種別	学術雑誌
査読	査読あり
標題	Resale Externality and the Used Housing Market
執筆形態	共著
掲載誌名	Real Estate Economics
掲載区分	国外
出版社・発行元	Wiley
巻・号・頁	35(3),pp.331-347
著者・共著者	Shinichiro Iwata,Hisaki Yamaga
概要	The selling prices of used houses may not fully reflect the maintenance spending of current owners when prospective buyers are unable to conduct a thorough inspection before purchase. This article investigates how this resale externality problem affects the maintenance expenditures of homeowners. After considering both observable and unobservable repair expenses, the analysis shows that the resale externality reduces not only maintenance expenditures, but also household mobility. A treatment effects model is used to estimate the simultaneous relationship between mobility and maintenance in the Japanese resale housing market. The results indicate that the resale externality has a significant negative impact on maintenance expenditures.
DOI	10.1111/j.1540-6229.2007.00192.x
ISSN	10808620