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Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court

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  • Takako Idee
  • Shinichiro Iwata
  • Teruyuki Taguchi

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  • Takako Idee & Shinichiro Iwata & Teruyuki Taguchi, 2011. "Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court," The Journal of Real Estate Finance and Economics, Springer, vol. 42(1), pages 84-98, January.
    • Handle: RePEc:kap:jrefec:v:42:y:2011:i:1:p:84-98
    DOI: 10.1007/s11146-009-9169-z
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    References listed on IDEAS

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    1. Joseph T.L. Ooi & C.F. Sirmans & Geoffrey K. Turnbull, 2006. "Price Formation Under Small Numbers Competition: Evidence from Land Auctions in Singapore," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 34(1), pages 51-76, March.
    2. Toda, Yasushi & Nozdrina, Nadezhda & Maddala, G S, 1998. "The Auction Price of Apartments in Moscow: Hedonic Estimation in Disequilibrium," Economic Change and Restructuring, Springer, vol. 31(1), pages 1-14.
    3. R. Preston McAfee & Daniel C. Quan & Daniel R. Vincent, 2002. "How to Set Minimum Acceptable Bids, with an Application to Real Estate Auctions," Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 391-416, December.
    4. Seow Eng Ong & Kenneth Lusht & Chee Yong Mak, 2005. "Factors Influencing Auction Outcomes: Bidder Turnout, Auction Houses and Market Conditions," Journal of Real Estate Research, American Real Estate Society, vol. 27(2), pages 177-192.
    5. Yumi Saita, 2003. "Land Prices in the Tokyo Metropolitan Area: A Hedonic Analysis of Judicial Auction Prices," Bank of Japan Working Paper Series 03-E-4, Bank of Japan.
    6. Mayer Christopher J., 1995. "A Model of Negotiated Sales Applied to Real Estate Auctions," Journal of Urban Economics, Elsevier, vol. 38(1), pages 1-22, July.
    7. Quan, Daniel C, 1994. "Real Estate Auctions: A Survey of Theory and Practice," The Journal of Real Estate Finance and Economics, Springer, vol. 9(1), pages 23-49, July.
    8. Marcus T. Allen & Judith Swisher, 2000. "An Analysis of the Price Formation Process at a HUD Auction," Journal of Real Estate Research, American Real Estate Society, vol. 20(3), pages 279-298.
    9. Christopher J. Mayer, 1998. "Assessing the Performance of Real Estate Auctions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 26(1), pages 41-66, March.
    10. Hajime Tomura, 2007. "Firms Dynamics, Bankruptcy Laws and Total Factor Productivity," Staff Working Papers 07-17, Bank of Canada.
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    Cited by:

    1. Jin-Ray Lu & Chih-Chiang Huang, 2015. "Identifying Stock Market Reactions to Acquisition Announcements in Taiwan Land Auction," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(8), pages 1014-1028, August.
    2. Jianfu Shen & Frederik Pretorius & Xin Li, 2019. "Does Joint Bidding Reduce Competition? Evidence from Hong Kong Land Auctions," The Journal of Real Estate Finance and Economics, Springer, vol. 58(1), pages 111-132, January.

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