| Summary: | 碩士 === 世新大學 === 經濟學研究所(含碩專班) === 102 === This thesis studies the factors affecting the probability of being sold at different rounds in auctions for foreclosed properties of Panchiao, Sinchunang and Xindian during 2010 to 2013. Empirical results indicate that properties with a lower ratio of reserve price over its value assessed using government data are more likely sold at later rounds. Moreover, relative to debtor-residing, properties leased or occupied are more likely sold at later rounds. Finally, properties located in Sinchunang are equally likely and more likely sold at the first round than ones in Panchiao and ones in Xindian, respectively.
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