Data on the shape of land lots are needed in urban planning analyses. However, large amounts of shape data are often unavailable. In this paper we develop a method of estimating the boundary lines of land lots. With the assumption that the vertices of lots are tentatively given and that their...

The cost of imperfect information is estimated in the real estate market of resale condominiums in central Tokyo by using a new, comprehensive data set of resale condominium transactions. The results suggest a substantial cost. Specifically, if information were perfectly available and marketing...

Compensation paid to property owners for land expropriation is always a controversial topic, partly due to the difficulty in revealing households’ true valuation of their housing. This paper estimates and discusses the widely observed ‘willingness to accept–willingness to...

Measuring environment attributes in monetary terms is an effective approach for evaluating living environments and planning. This paper presents a study employing a hedonic pricing model on the externalities of local attributes in detached residential blocks in Tokyo. Results show that a group...