政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/47012
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 109952/140891 (78%)
造访人次 : 46250923      在线人数 : 1202
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/47012


    题名: 法拍屋拍定價格對於再轉售價格之定錨效果
    其它题名: Anchoring Effects of the Auction Prices of Foreclosed Properties on Their Subsequent Sale Prices
    作者: 林子欽;柯光峻
    Lin, Tzu-chin;Ko, Guang-jiunn
    关键词: 定錨效果;法拍屋價格;法拍屋轉售
    Anchoring Effects, Auction Price, Resale of Foreclosed Properties
    日期: 2010-05
    上传时间: 2010-10-12 16:16:14 (UTC+8)
    摘要: 產品異質、交易稀少與資訊缺乏等特性，使得不動產價格之決定相對複雜。採實驗方法的多篇研究指出，專業人員（估價師）以及市場參與者（買賣雙方）都會嘗試以某些較易取得的價格資訊作為定錨點，並據此調整出價或回價，最後決定成交與否以及成交價格。在相關價格資訊中，標的不動產之前次取得價格被視為非常重要的定錨點。也就是說，出價與回價的決定，甚至最後的市場結果，都受到此定錨點的影響。臺灣法拍屋拍定價格長期低於市場價格，而且法拍屋市場中也存在相當比例的投資者。基於上述的觀察，我們認為法拍屋拍定價格應該會在法拍屋之後轉售時產生定錨效果，進而使得轉售價格低於它們的預期市場價格。法拍屋轉售以及一般不動產重複交易的獨特資料，讓我們可以驗證這個推論。實證結果發現，法拍屋轉售價格與它們的預期市場價格間並無顯著差異；也就是法拍屋拍定價格對於其後之轉售價格並不存在定錨效果。雖然如此，對於法拍屋專業人士的訪談顯示：相當比例的投資者，刻意隱瞞標的不動產原本為法拍屋的資訊，試圖降低買方的議價能力。價格資訊的隱瞞，可能是定錨效果不明顯的原因之一。
    Product heterogeneity, infrequent sales and scant information, among others, all contribute to the complex pricing process of a property transaction. A series of studies that adopt the experimental approach have examined this process. It is suggested that both professional appraisers and sellers and buyers take account of available price information in their valuation and in determining their offer and counteroffer prices. Among those referred price information, the previous purchase price of a subject property appears to be the dominant one. In other words, the previous purchase price has acted as an anchor for consequent price negotiation. The price of foreclosed properties is constantly proven to be substantially lower than that of otherwise similar properties. Based on the above observation, we propose a hypothesis for empirical testing. The price of foreclosed property will exert anchoring effects that results in a lower subsequent resale price in the normal market compared to other similar properties. This hypothesis is not supported by our data. The interviews with professional investors in foreclosed properties, however, show that a significant percentage of the interviewees deliberately hid the information from the buyers that the subject property was purchased from a foreclosure. They hope to maintain the information asymmetry and thus their bargaining advantage. We believe that the concealment of information might lead to the absence of anchoring effects of the price of foreclosed properties.
    關聯: 台灣土地研究, 13(1), 53-68
    数据类型: article
    显示于类别:[地政學系] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    388.pdf577KbAdobe PDF21665检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈