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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 |
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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 |