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
Michio Naoi   Miki Seko   Kazuto Sumita   
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 40(4) 544-561 2010年5月 [査読有り]
A theoretical framework and empirical evidence are presented to show the connection between community uniform rating and cross-subsidies in earthquake insurance policy in Japan. Cross-subsidies are defined as the difference between a fair actuaria...
Michio Naoi   Miki Seko   Kazuto Sumita   
REGIONAL SCIENCE AND URBAN ECONOMICS 39(6) 658-669 2009年11月 [査読有り]
The hedonic pricing approach is used to examine whether homeowners and/or renters alter their subjective assessments of earthquake risks after massive earthquakes. Using nation-wide household panel data coupled with earthquake hazard information a...
Michio Naoi   Kazuto Sumita   Miki Seko   
Journal of Property Research 24(4) 313-334 2007年12月 [査読有り]
Japan is famous for its earthquakes. How do households and firms respond to this potentially devastating risk? How does earthquake risk affect housing costs and wages? To answer these questions, we construct a Quality of Life Index (QOLI) and esti...
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS 35(3) 357-383 2007年10月 [査読有り]
A new mode of housing tenure in Japan, rental housing with fixed rental terms, was introduced in March 2000 with the revision of the Japanese Tenant Protection Law. This paper examines the implications of this new system by analyzing the determina...
Springer: Advances in Japanese Business and Economics 19 2019年5月 (ISBN:9789811333699) [査読有り]
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...