American Real Estate and Urban Economics Association, Best Paper Award at the AREUEA-AsRES 2009 Joint International Conference (Maury Seldin Advanced Studies Institute Award),Residential Mobility Decisions in Japan: Effects of Housing Equity Constraints and Income Shocks under the Recourse Loan SystemMiki Seko Kazuto Sumita,Michio Naoi
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 52(4) 480-511 May 2016 [Refereed]
This study analyzes the rent term premium for leases that can be cancelled by the lessee. We model the lessor's trade-off between leasing costs and the cost of cancellation options based on the recognition that many leases are cancellable by lesse...
JOURNAL OF ECONOMIC ISSUES 46(2) 519-530 Jun 2012 [Refereed]
The destructive impact of the Great East Japan Earthquake and subsequent tsunami on March 11, 2011 has enhanced consumer's earthquake preparedness even in unaffected areas. This paper uses unique survey data collected after the earthquake to study...
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 45(1) 63-87 Jun 2012 [Refereed]
This paper draws on six waves of Japanese household longitudinal data (Keio Household Panel Survey, KHPS) and estimates a conditional fixed effects logit model to investigate the effects of housing equity constraints and income shocks on own-to-ow...
Springer: Advances in Japanese Business and Economics 19 May 2019 (ISBN:9789811333699) [Refereed]
Clarifies a variety of problems stemming from the uniqueness of Japanese housing systems and related regulations.Shows the post-earthquake changes in earthquake preparedness and risk mitigation activities of households after the Great East Japan E...
Faculty of Literature
Department of Japanese Literature and Culture