Analysis of Real Estate Evaluation from the View Point of Intertemporall and Spatial Economics

跨时空经济学视角下的房地产评估分析

基本信息

批准号：
17203022
负责人：
HATTA Tatsuo
金额：
$ 18.8万
依托单位：
National Graduate Institute for Policy Studies (2007)International Christian University (2005-2006)
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (A)
财政年份：
2005
资助国家：
日本
起止时间：
2005 至 2007
项目状态：
已结题

项目摘要

Hatta: He estimated the increase in the congestion rates of major streets of Tokyo caused by the traffic increase generated by easing FAR Taking advantage of this estimate, he estimated the cost and benefit of easing FAR.Kaizoji: He studies on a mechanism of bursting land bubble. In summary, (i) Bubble is a phenomenon that investment capital concentrates on limited areas (for example, Marunouchi-area), and the skewness of the distribution of land price enlarges over time, (ii) as the land prices in limited areas soar extremely, most of available capital is invested in trade of the limited areas, and finally it is impossible to trade at the extreme value of the land. As an unavoidable result, bubble bursts, and (iii) burst of bubble is predictable by observing the time changes of the Gini coefficient of land prices.Takezawa: Between 2005 and 2006, preliminary empirical research on sports facility real estate development and the J-REIT market completed. Published "Operational Attributes … More and Fund Performance: Preliminary Evidence from the J-REIT Market" (with N. Takezawa and H. Saji) in the Journal of Social Science (ICU). Presented work on Stadium naming rights at the Sports Management Association of Australia and New Zealand.Basic Data base for real estate development in sports facilities (stadiums, golf courses) and REITs compiled. Preliminary findings on the Beneficiary Rights in the Japanese REIT Market (with N. Takezawa, K. Takashima) were presented at the 2007 Nippon Finance Association Conference.Karato: The data of land use variation was developed by GIS polygon for the period from 1991 to 2001. Using this data, we measured cost inefficiency of land use in the central area of Tokyo by means of statistically estimating the office/housing rent function. Patterns of land usage changing was observed, and examining the theorem of land re-development by Wheaton.Repeat sales data of condominiums price was developed. We estimated the quality adjusted price-index in real estate market. We proposed the econometric method for the bias of the housing age-effect coefficients which was pointed out as econometric problem of typical Case & Shiller type price-index.He arranged the theory and application in hedonic approach to analyze the micro structure of real estate price. Moreover we proposed the econometrically testing method to investigate spatial interdependence of land price function by spatial econometric analysis. Less

Hatta：他估计，由Easy Farther the估算所产生的交通增长引起的东京主要街道的拥塞率增加，他估计了Easy Far.kaizoji的成本和收益：他研究了破裂泡沫破裂的机制。总而言之，（i）泡沫是一种现象，即有限地区的投资资本集中（例如，Marunouchi-Area），并且随着时间的推移，土地价格提高的分布偏差，（ii）有限地区的土地价格极高，大多数可用资本都在有限的贸易领域投资，最终不可能以土地的极端价值交易。作为不可避免的结果，泡沫爆发和（iii）泡沫爆发是可以通过观察Gini批评土地价格的时间的变化来预测的。Takezawa：2005年至2006年之间，对体育设施房地产开发的初步经验研究以及J-Reit Market完成了初步经验研究。发表的“经营属性……更多和资金绩效：来自J-Reit市场的初步证据”（与N. Takezawa和H. Saji一起）在《社会科学杂志》（ICU）中。在澳大利亚体育管理协会和新西兰体育管理协会介绍了体育场命名权的工作。体育设施（体育场，高尔夫球场）和REITS的房地产开发数据库和REIT。 Preliminary findings on the Beneficiary Rights in the Japanese REIT Market (with N. Takezawa, K. Takashima) were presented at the 2007 Nippon Finance Association Conference.Karato: The data of land use variation was developed by GIS polygon for the period from 1991 to 2001. Using this data, we measured cost inefficiency of land use in the central area of Tokyo by means of statistically estimating the office/housering rental function.观察到了改变土地使用的模式，并研究了惠顿的土地重新开发理论。开发了公寓价格的销售数据。我们估计了房地产市场中质量调整后的价格指数。我们提出了住房年龄效应系数偏见的经济方法，该方法被指出为典型案例的经济问题和Shiller Type Price-Index。此外，我们提出了一种经济测试方法，以通过空间经济分析来研究土地价格功能的空间相互依存。较少的