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Property Taxation and the Demand for Floor Space in Japan Author: Miki Seko Start Page:
35 Abstract: This
is the first study applying the econometric analysis of
piecewise-linear budget constraints arising from space-linked property
taxation to Japanese housing data. The model employed is the classical
Hausman type with convex piecewise-linear budget constraints and fixed
preferences. We estimate that if spaced-linked property taxation for
newly built houses is abolished, it would then eliminate a current
excess tax burden per household of approximately 25,000 yen.
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