政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/60783
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113311/144292 (79%)
造访人次 : 50941211      在线人数 : 981
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/140.119/60783


    题名: 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
    其它题名: A Review of the Choice of Market Mechanism and Price Discount Effect of Real Estate Auctions during a Boom Market
    作者: 廖仲仁;張金鶚
    Liao,Chung-Jen;Chang,Chin-Oh
    贡献者: 政大地政系
    关键词: 拍賣市場;市場機制選擇;自我選擇偏誤
    auction;choice of market mechanism;self-selection bias
    日期: 2009-06
    上传时间: 2013-09-13
    摘要: 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.
    關聯: 住宅學報, 18(1), 1-21
    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
    181121.pdf1376KbAdobe PDF2728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