An Estimation of Collective Action Cost in Condominium Reconstruction: the Case of Japanese Condominium Law

Abstract

This paper presents an empirical examination of the cost of collective action problems inherent in condominium reconstruction in Japan. Because of property co-ownership, problems associated with the decision-making process arise among owners of condominium units. Further, mechanisms of condominium law in Japan potentially induce a holdout problem in the… (More)

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@inproceedings{Hewings2012AnEO, title={An Estimation of Collective Action Cost in Condominium Reconstruction: the Case of Japanese Condominium Law}, author={Geoffrey J. D. Hewings and Fukuju Yamazaki and Taisuke Sadayuki}, year={2012} }