English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109951/140887 (78%)
Visitors : 46275311      Online Users : 1277
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/60783


    Title: 景氣期間購屋市場機制選擇及拍賣市場折價效果之再檢視
    Other Titles: A Review of the Choice of Market Mechanism and Price Discount Effect of Real Estate Auctions during a Boom Market
    Authors: 廖仲仁;張金鶚
    Liao,Chung-Jen;Chang,Chin-Oh
    Contributors: 政大地政系
    Keywords: 拍賣市場;市場機制選擇;自我選擇偏誤
    auction;choice of market mechanism;self-selection bias
    Date: 2009-06
    Issue Date: 2013-09-13
    Abstract: 拍賣市場逐漸成為購屋者的重要次級市場之一，因此拍賣市場的績效就顯得愈來愈重要。除了物件品質差異外，本研究亦考慮了購屋者的財務能力與投資經驗等對於市場機制自我選擇偏誤的影響，重新檢視拍賣市場的績效。本研究以進入景氣階段的2004年台北市資料實證結果顯示，在未考慮自我選擇偏誤下，拍賣市場機制的估計係數為27%，且達1%統計顯著水準。但是，在控制買方與物件的自我選擇偏誤後，拍賣市場與搜尋市場間並無顯著的價格差異存在，因而本研究對於過去國內相關文獻認為拍賣市場一定比搜尋市場折價較多的說法，在房地產景氣期間是否成立，提出了相當的質疑。拍賣市場逐漸成為購屋者的重要次級市場之一，因此拍賣市場的績效就顯得愈來愈重要。除了物件品質差異外，本研究亦考慮了購屋者的財務能力與投資經驗等對於市場機制自我選擇偏誤的影響，重新檢視拍賣市場的績效。本研究以進入景氣階段的2004年台北市資料實證結果顯示，在未考慮自我選擇偏誤下，拍賣市場機制的估計係數為27%，且達1%統計顯著水準。但是，在控制買方與物件的自我選擇偏誤後，拍賣市場與搜尋市場間並無顯著的價格差異存在，因而本研究對於過去國內相關文獻認為拍賣市場一定比搜尋市場折價較多的說法，在房地產景氣期間是否成立，提出了相當的質疑。
    This paper discusses the decision-making behavior regarding the choice of housing market mechanism. Since the real estate auction market has been one of the main market mechanisms used in home purchases, the performance of real estate auctions is a very important issue. This paper reviews the price premium or discount of real estate auctions by correcting for the selfselectivity bias in view of the homebuyer’s ability to finance the purchase and his investment experience. The empirical results for Taipei city in 2004 during a boom market shows that the price discount rate in the auction market was about 27% without taking into consideration the self-selection bias. However, the availability of an auction as an alternative has resulted in the high search costs faced by buyers attending auctions. In addition, after accounting for the endogenous nature of this choice and controlling for property and buyer characteristics, the prices of properties sold at auctions are not lower than those of comparable properties sold in a search market. Therefore, it is questionable to state that the performance of real estate auctions during a boom market is always inferior to that of negotiated sales in Taiwan.
    Relation: 住宅學報, 18(1), 1-21
    Data Type: article
    Appears in Collections:[地政學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    181121.pdf1376KbAdobe PDF2667View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    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 ©   - Feedback