Determinants of Reserve Prices in Auctions for Foreclosed Properties
碩士 === 世新大學 === 經濟學研究所(含碩專班) === 100 === The thesis examines the determinants of the reserve price at the first round of multi-round auctions for foreclosed properties. Empirical results indicate first that attribute variables of real estate, time dummies and district dummies partially account for...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2012
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| Online Access: | http://ndltd.ncl.edu.tw/handle/31506745279853164267 |
| Summary: | 碩士 === 世新大學 === 經濟學研究所(含碩專班) === 100 === The thesis examines the determinants of the reserve price at the first round of multi-round auctions for foreclosed properties. Empirical results indicate first that attribute variables of real estate, time dummies and district dummies partially account for first-round reserves for properties sold in earlier rounds and statistically insignificantly relates to the reserve for ones sold at the last round. In contrast to Idee.etl(2011) studying Osaka of Japan , the existence of occupants does not affect the first-round reserve in Taipei of Taiwan. Furthermore, it is mortgage loans of foreclosed properties to influence their first-round reserves and a higher loan makes properties being unsold until last round.
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