(The) role of chonsei as a price protector in the Korean housing market한국 주택시장 내 전세제도의 가격보호자로서의 역할에 대한 고찰
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Oh, Frederick Dongchuhl | - |
| dc.contributor.advisor | 오동철 | - |
| dc.contributor.author | Yoon, Heejin | - |
| dc.date.accessioned | 2021-05-13T19:35:23Z | - |
| dc.date.available | 2021-05-13T19:35:23Z | - |
| dc.date.issued | 2020 | - |
| dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=911506&flag=dissertation | en_US |
| dc.identifier.uri | http://hdl.handle.net/10203/284834 | - |
| dc.description | 학위논문(석사) - 한국과학기술원 : 경영공학부, 2020.2,[iii, 24 p. :] | - |
| dc.description.abstract | In this study, we investigate whether "Chonsei," the distinctive type of housing contract system in Korea, has a favorable impact on house prices during a market downturn. We show the mechanism in which Chonsei prevents a sharp drop in house prices based on sellers' loss aversion behavior. Moreover, using data on the Seoul condominium (i.e., apartment) market during the 2006-2017 period, we find that Chonsei prices have a negative impact on the housing trade volume in a market recession. This finding is consistent with our argument that loss aversion behavior appears with regard to the rise in Chonsei prices and thereby Chonsei functions as a price protector in the Korean housing market. | - |
| dc.language | eng | - |
| dc.publisher | 한국과학기술원 | - |
| dc.subject | Chonsei▼aLoss Aversion Behavior▼aHouse Price▼aHousing Market▼aKorea | - |
| dc.subject | 전세▼a손실회피행동▼a주택가격▼a주택시장▼a한국 | - |
| dc.title | (The) role of chonsei as a price protector in the Korean housing market | - |
| dc.title.alternative | 한국 주택시장 내 전세제도의 가격보호자로서의 역할에 대한 고찰 | - |
| dc.type | Thesis(Master) | - |
| dc.identifier.CNRN | 325007 | - |
| dc.description.department | 한국과학기술원 :경영공학부, | - |
| dc.contributor.alternativeauthor | 윤희진 | - |
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