| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險所 === 98 === This research is based on the studying of auction houses in eastern Taiwan, to explorethe impact of price variation in auction and used-residential house. According to the regulation of law enforcement,the procedure to handle book under NPL from financial institutions should apply to the court first; the auction sale is the primary method and should be executed first in order to settle claims compulsorily then otherwise. Comparison to the used-residential houses,the market of auction houses causes much speculative opportunity; it is due to the relatively special purpose of transaction disclo sure of information incompletely and higher risk of characteristics in products.Currently the reserve price of auction houses is set up by an appraiser working in real estatewho was entrusted by the court. However,the final bid usually need to go through members auctions and discounts, the failure ratios is high,the execution is inefficiency and the price between the final bid and reserve one is huge difference.It is why this paper captures many examples of market price in used-residential and auction houses and estabolishes a module of regression according to theory of hedonic price.The empirical result shows the reserve price of auction houses is set up too high,which is higher than the price of used-residential houses.
This paper not only researches the issue of reserve price in auction houses but analyzes how the affection will cause for the higher price in auctionhouses than the one in the used-residential houses.I hope it can offer a way of balancing consideration when the relevant departments in government make a decision on an auction houses and market-based mechanisms.
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