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Property Taxation and the Demand for Floor Space in Japan

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Abstract

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.

Suggested Citation

  • Miki Seko, 1999. "Property Taxation and the Demand for Floor Space in Japan," International Real Estate Review, Asian Real Estate Society, vol. 2(1), pages 35-48.
  • Handle: RePEc:ire:issued:v:02:n:01:1999:p:35-48
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    File URL: http://www.umac.mo/fba/irer/papers/past/vol2_pdf/035-048miki.pdf
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    Cited by:

    1. Seko, Miki, 2002. "Nonlinear budget constraints and estimation: effects of subsidized home loans on floor space decisions in Japan," Journal of Housing Economics, Elsevier, vol. 11(3), pages 280-299, September.
    2. Mototsugu Fukushige & Noriko Ishikawa, 2013. "Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan," International Real Estate Review, Asian Real Estate Society, vol. 16(2), pages 208-229.

    More about this item

    Keywords

    Nonlinear budget constraints; Property taxation; Housing demand; Floor space; Japan;

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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