Education

Career

Publications

• Econometric Analysis of Real Estate Market, Asakura Publishing(Co-authored with Koji Karato)(2007)
• Real Estate Market Analysis, Jutaku Sinpo(2004)

Papers

• “Nonlinearity of Housing Price Structure　-Secondhand Condominium Market in Tokyo Metropolitan Area-,” (with K.G.Nishimura and K.Karato), International Journal of Housing Markets and Analysis, Vol.7, No.3, 459-488, 2014.
• “Commercial Property Price Indexes and the System of National Accounts,” (with W.E. Diewert and K. Fox)Discussion Paper 14-09, Vancouver School of Economics, University of British Columbia, 2014.
• “Commercial Property Price Indexes and the System of National Accounts,” (with W.E. Diewert), Discussion Paper 14-09, Vancouver School of Economics, University of British Columbia, 2014.
• “Do Urban Amenities drive Housing Rent?,” (with S. Yasumoto, Y. Asami and T. N. Clark), CSIS Discussion Paper (The University of Tokyo), No.131, 2014.
• “Alternative Approaches to Commercial Property Price Indexes for Tokyo,” (with W.E.Diewert), Discussion Paper 14-08, Vancouver School of Economics, University of British Columbia, 2014.
• “Longitudinal trends in equity of park accessibility in Yokohama, Japan: An investigation of the role of causal mechanisms,”(with S. Yasumoto and A. Jones)　Environment and Planning A,Vol.46, pp.682 – 699, 2014.
• “Estimation of Hedonic Single-Family House Price Function Considering Neighborhood Effect Variables,” Sustainability,Vol.6, pp.2946-2960, 2014.
• “The Rise of Eco-Labels in the Japanese Housing Market,” (with F. Fuerst), RERC(Real Estate Research Center) Working Papers No. 04/2014, Department of Land Economy, Environment, Law & Economics, Cambridge University, 2014.
• “Residential Property Price Indexes for Japan: An Outline of the Japanese Official RPPI ,”(with W. E. Diewert, K. G. Nishimura and T. Watanabe), Discussion Paper 14-05, Vancouver School of Economics, University of British Columbia,2014.
• Wong.,SK, KW Chau, K. Karato, C.Shimizu (2013), “Separating the Age Effect from a Repeat Sales Index:Land and structure decomposition,” CSIS Discussion Paper (The University of Tokyo), No.125, 2013.
• “Aging and Real Estate Prices: Evidence from Japanese and US Regional Data,” (with Y. Saita and T.Watanabe), CARF Working Paper, F-334,2013.
• “A Conceptual Framework for Commercial Property Price Indexes,” (with W.E. Diewert), Discussion Paper 13-11, Vancouver School of Economics, University of British Columbia,2013.
• “Sustainable Measures and Economic Value in Green Housing,” Open House International Journal, Vol.38,No.3,pp57-63, 2013.
• “Residential Property Price Indexes for Tokyo,”(with W.E. Diewert), Discussion Paper, 13-07, Vancouver School of Economics, University of British Columbia, 2013.(Macroeconomic Dynamics(forthcoming)).
• “Detecting Real Estate Bubbles: A New Approach Based on the Cross-Sectional Dispersion of Property Prices ,” (with T. Ohnishi,T, T. Mizuno, and T. Watanabe), CARF Working Paper (University of Tokyo), F-313, 2013.
• “Estimating Quality Adjusted Commercial Property Price　Indexes Using Japanese REIT ,”(with W.E.Diewert, K.G.Nishimura and T.Watanabe(2013),)CARF Working Paper, F-307,2013.
• “How Fast Are Prices in Japan Falling?,”(with S. Imai and T. Watanabe), RIETI Discussion Paper Series, No.12-E-075.(The Research Institute of Economy, Trade and Industry),2012.
• “Selection of the Winning Office Investment Market in Tokyo,” Real Estate Issue, Vol. 37, No. 2-3, pp.51-60, 2012.
• “Office Investment Market Becoming More Selective- Selection of the Winning Market in Tokyo’s 23 Wards-” RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.51, 2012. “The Estimation of Owner Occupied Housing Indexes using the RPPI: The Case of Tokyo,”(with W.E.Diewert, K.G.Nishimura and T.Watanabe), RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.50,2012.
• “Commercial Property Price Indexes for Tokyo－Transaction-Based Index, Appraisal-Based Index and Present Value Index－,”(with W.E.Diewert, K.G.Nishimura and T.Watanabe), RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.49, 2012.
• “Power Laws in Real Estate Prices During Bubble Periods,”(with T. Ohnishi, T. Mizuno, and T. Watanabe), International Journal of Modern Physics: Conference Series, Vol. 16, pp.61–81, 2012.
• “Sustainable Measures and Economic Value in Green Housing,” Open House International Journal, Vol38, No.3, 57-63, 2012.
• “House Prices from Magazines, Realtors, and the Land Registry,”in Property Market and Financial Stability, (with K.G.Nishimura and T.Watanabe), BIS Papers No.64, Bank of International Settlements, March 2012, pp.29-38, 2012.
• “Biases in commercial appraisal-based property price indexes in Tokyo-Lessons from Japanese experience in Bubble period,”(with K.G.Nishimura and T.Watanabe), RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.48, 2012.
• “The Evolution of House Price Distribution,” (with T. Ohnishi, T. Mizuno, and T. Watanabe), Center on Japanese economy and Business, Columbia University, Working Paper, No.296.Paper, 2011.
• “Semiparametric Estimation of Time, Age and Cohort Effects in An Hedonic Model of House Prices,” (with K.Karato and O.Movshuk), Faculty of Economics, University of Toyama, Working Paper No. 256, 2010.
• “House Prices in Tokyo - A Comparison of Repeat-sales and Hedonic measures-,” (with K.G.Nishimura and T.Watanabe), Journal of Economics and Statistics, Vol.230(6), pp.792-813, 2010.
• “Structural and Temporal Changes in the Housing Market and Hedonic Housing Price Indices,” (with H.Takatsuji, H.Ono and K. G. Nishimura), International Journal of Housing Markets and Analysis,Vol.3,No.4,pp.351-368, 2010.
• “Residential Rents and Price Rigidity: Micro Structure and Macro Consequences,”(with K.G.Nishimura and T.Watanabe), Journal of Japanese and International Economy,Vol.24, pp282-299, 2010.
• “Estimation of Redevelopment Probability using Panel Data-Asset Bubble Burst and Office Market in Tokyo-,”(with K.Karato and Y.Asami), Journal of Property Investment & Finance,Vol.28,No.4, pp.285-300, 2010.
• “Housing Bubble in Japan and the United States,” (with T.Watanabe), Public Policy Review Vol.6, No.3,pp.431-472, 2010.
• “Pricing structure in Tokyo metropolitan land markets and its structural changes: pre-bubble, bubble, and post-bubble periods,” (with K.G.Nishimura), Journal of Real Estate Finance and Economics, Vol.35,No.4,pp.495-496, 2007.
• “Change in house price structure with time and housing price index”, (with H.Takatsuji, H.Ono and K.G.Nishimura), RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.25, 2007.
• “Biases in appraisal land price information: the case of Japan,”(with K.G.Nishimura), 　Journal of Property Investment & Finance, Vol.24, No.2，pp. 150- 175, 2006.
• “Incorporting Land Characteristics into Land Valuation for Reconstruction Areas”, (with H.Ono), RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.20, 2006.
• “Search and Vacancy Costs in the Tokyo housing market: Attempt to measure social costs of imperfect information,”(with K.G.Nishimura and Y.Asami), Regional and Urban Development Studies,Vol.16,No.3，pp.210-230, 2004.
• “Conjunct method of hedonic price index in a second hand housing market under structural changes,”(with T. Takatsuji and H.Ono) RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.18, 2004.