International Real Estate Review | Zendy

Miki Seko | Zendy

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International Real Estate Review

Author(s) -

Miki Seko

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 , real estate , piecewise linear function , econometrics , regular polygon , property (philosophy) , piecewise , space (punctuation) , budget constraint , mathematical economics , mathematical optimization , mathematics , microeconomics , computer science , finance , mathematical analysis , philosophy , geometry , epistemology , operating system

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.

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