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	2009/08
形態種別	学術雑誌
査読	査読あり
標題	Land Tenure Security and Home Maintenance: Evidence from Japan
執筆形態	共著
掲載誌名	LAND ECONOMICS
掲載区分	国外
出版社・発行元	UNIV WISCONSIN
巻・号・頁	85(3),pp.429-441
著者・共著者	Shinichiro Iwata,Hisaki Yamaga
概要	Land tenure security law in Japan gives leaseholders a dual right: either they can renew the lease at the market rent, or they can make a claim on the landowner to purchase the premises at the market price. There is, however,a market imperfection because of the fact that leaseholders must incur a transaction cost in exercising the right of claim. Therefore, leaseholders are not full residual claimants even under land tenure security. Under this condition, we find theoretically and empirically that compared with freeholders, leaseholders are equally likely to remain in the premises, but they spend less on maintenance. (JEL K11, R38)
DOI	10.3368/le.85.3.429
ISSN	00237639