Open AccessInternational Real Estate Review
Author(s) -
Miki Seko,
AUTHOR_ID
Publication year - 1999
Publication title -
journal of the asian real estate society
Language(s) - English
Resource type - Journals
ISSN - 1029-6131
DOI - 10.53383/100011
Subject(s) - economics , econometrics , piecewise linear function , real estate , property (philosophy) , regular polygon , budget constraint , piecewise , mathematical economics , mathematics , microeconomics , finance , mathematical analysis , philosophy , geometry , epistemology
This is the first study applying the econometric analysis of piecewise-linear budget constraints arising from space-linked property taxation to Japanese housing data. The model employed is the classical Hausman type with convex piecewise-linear budget constraints and fixed preferences. We estimate that if spaced-linked property taxation for newly built houses is abolished, it would then eliminate a current excess tax burden per household of approximately 25,000 yen.