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題名:頂級豪宅價值結構之分析:需求者行為觀點
書刊名:住宅學報
作者:洪志興 引用關係
作者(外文):Hung, Chih-hsing
出版日期:2017
卷期:26:2
頁次:頁51-73
主題關鍵詞:豪宅價值奢侈價值消費價值投資價值Luxurious apartment valueLuxury valueConsumption valueInvestment value
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:1
  • 共同引用共同引用:45
  • 點閱點閱:14
頂級豪宅的價值通常與一般住宅的價值不一樣,除了一般住宅的消費價值與投資價值之外,頂級豪宅還會多一個奢侈價值。本研究是利用實質選擇權法來評估頂級豪宅價值,在各種參數分析下,分析頂級豪宅價值與三個組成價值的變化。研究發現,住宅資本利得稅、住宅租金收益率與住宅價格指數會正向影響頂級豪宅消費價值。因此,當頂級豪宅價格有泡沫時,則可以透過增加一般住宅資本利得稅或降低不動產價格指數變異,讓豪宅價值下降,改善市場投機的行為。本研究也可以提供政府理論模型,利用政策對住宅價格調控,使國民對國內住宅政策有正面肯定。
The value of a top luxurious apartment is different from the value of a regular residential house because of additional luxury value besides the value of consumption and investment. The study adopts the real option approach to decompose the value of luxurious apartments into three values and explore how they are affected by given parameter setups in the model. The paper finds that a tax on capital gains, the return rate of rental income and the price index of the residential index tend to positively affect the consumption value in luxurious apartments. The interest rate, return rate of rental income and price index of the residential index will positively affect the luxury value. Therefore, policies to impose higher taxes on capital gains from housing transactions and reduce the variation in the residential price index will decrease the value of luxurious apartments and the investment value recognized by speculators. This paper provides theoretical support for governments to enact possible policies to affect housing prices in the market.
期刊論文
1.彭建文、張金鶚(2000)。總體經濟對房地產景氣之影響。國科會人文及社會科學研究彙刊,10(3),330-343。  延伸查詢new window
2.Sarkar, S.、Zapatero, F.(2003)。The trade-off theory with mean reverting earnings。The Economic Journal,113(490),834-860。  new window
3.O'Cass, A.、Frost, H.(2002)。Status Brands: Examining the Effects of Non-Product-Related Brand Associations on Status and Conspicuous Consumption。The Journal of Product and Brand Management,11(2/3),67-86。  new window
4.林祖嘉、陳建良(20050600)。租買選擇、貸款選擇、與世代組成:巢式LOGIT模型之應用。住宅學報,14(1),1-20。new window  延伸查詢new window
5.Myers, S. C.、Lambrecht, B. M.(2008)。Debt and Managerial Rents in a Real-Options Model of the Firm。Journal of Financial Economic,89(2),209-231。  new window
6.Vigneron, Franck、Johnson, Lester W.(2004)。Measuring perceptions of brand luxury。Journal of Brand Management,11(6),484-506。  new window
7.Ong, S. E.、Koh, Y. C.(2000)。Time-on-Market and Price Trade-offs in High-rise Housing Sub-market。Urban Studies,37(11),2057-2071。  new window
8.林祖嘉、林素菁(19940100)。臺灣地區住宅需求價格彈性與所得彈性之估計。住宅學報,2,25-48。new window  延伸查詢new window
9.Bourdieu, Pierre(1989)。Social Space and Symbolic Power。Sociological Theory,7(1),14-25。  new window
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11.洪志興(20121200)。利用實質選擇模型來評估不動產價值與最適租金--以臺北小套房為例。住宅學報,21(2),47-69。new window  延伸查詢new window
12.Arrondel, L.、Lefebvre, B.(2001)。Consumption and Investment Motives in Housing Wealth Accumulation: A French Study。Journal of Urban Economics,50(1),112-137。  new window
13.Drake, L.(1993)。Modelling UK House Price Using Cointegration: An Application of the Johansen Technique。Applied Economics,25(9),1225-1228。  new window
14.Garcia, J.、Raya, J. M.(2011)。Price and Income Elasticities of Demand for Housing Characteristics in the City of Barcelona。Regional Studies,45(5),597-608。  new window
15.Ioannides, Y. M.、Rosenthal, S. S.(1994)。Estimating the Consumption and Investment Demands for Housing and Their Effect on Housing Tenure Status。The Review of Economics and Statistics,76(1),127-141。  new window
16.Lee, K. O.、Mori, M.(2015)。Do Conspicuous Consumers Pay Higher Housing Premiums? Spatial and Temporal Variation in the United States。Real Estate Economics,44(3),726-763。  new window
17.Mandel, B. R.(2009)。Art as an Investment and Conspicuous Consumption Good。American Economic Review,99(4),1653-1663。  new window
18.Garfein, Richard T.(1989)。Cross‐cultural Perspectives on the Dynamics of Prestige。Journal of Services Marketing,3(3),17-24。  new window
19.Merton, Robert C.(1973)。Theory of Rational Option Pricing。Bell Journal of Economics and Management Science,4(1),141-183。  new window
20.Maslow, Abraham H.(1943)。A Theory of Human Motivation。Psychological Review,50(4),370-396。  new window
21.O'Cass, Aron、McEwen, Hmily(2004)。Exploring Consumer Status and Conspicuous Consumption。Journal of Consumer Behaviour,4(1),25-39。  new window
22.Leland, Hayne E.(1994)。Corporate debt value, bond covenants, and optimal capital structure。The Journal of Finance,49(4),1213-1252。  new window
23.Dubois, B.、Laurent, Gilles(1994)。Attitudes toward the concept of luxury: An exploratory analysis。Asia-Pacific Advances in Consumer Research,1(2),273-278。  new window
研究報告
1.Dubois, B.、Laurent, G.、Czellar, S.(2001)。Consumer Rapport to Luxury: Analyzing Complex and Ambivalent Attitudes。HEC, Jouy-en-Josas。  new window
學位論文
1.陳啟賢(2005)。影響高雄市住宅供需因素之研究(碩士論文)。國立中山大學。  延伸查詢new window
圖書
1.Veblen, T.(1899)。1899 The Theory of Leisure Class。New York:Macmillan。  new window
2.Dixit, Avinash K.、Pindyck, Robert S.(1994)。Investment Under Uncertainty。Princeton University Press。  new window
3.Solomon, M. R.(1994)。Consumer behavior: Buying, having, and being。Allyn & Bacon。  new window
4.Geltner, D.、Miller, N.、Clayton, J.、Eichholtz, P.(2014)。Commercial Real Estate Analysis and Investments。Mason OH:On Course Learning。  new window
 
 
 
 
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