@article{ART001329770},
author={Moon Heemyung and Seon-Jong Yoo},
title={A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2009},
volume={60},
pages={139-156},
doi={10.15793/kspr.2009.60..008}
TY - JOUR
AU - Moon Heemyung
AU - Seon-Jong Yoo
TI - A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique
JO - The Korea Spatial Planning Review
PY - 2009
VL - 60
IS - null
PB - 국토연구원
SP - 139
EP - 156
SN - 1229-8638
AB - The real estate auction is special way of obtaining property right of real property. Even though it can be offered by private parties, we, in this research consider only real estate auctions offered by the court. Due to inherited uncertainty in bidding process and ever changing economic environments during reversion stage, it is arguably deemed to be riskier than any other real estate investment methods.
We stratified into three categories the uncertainty surrounding the whole auction process from bidding to reversion: Internal risk factors, External risk factors, and Expectation failure that is, building a wrong expectation about future reversion price of the property won. We modeled expectation failure at the level of each individual bidder.
We use typical AHP method to factor them out and succeed to rank them in a line based on above-mentioned three risk stratification. The questionnaire consists of multiple parts following mainly risk factor classification instead of time sequence from bidding to making profit as in other previous literatures.
KW - Real Estate Auction;Risk Factor;AHP
DO - 10.15793/kspr.2009.60..008
ER -
Moon Heemyung and Seon-Jong Yoo. (2009). A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique. The Korea Spatial Planning Review, 60, 139-156.
Moon Heemyung and Seon-Jong Yoo. 2009, "A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique", The Korea Spatial Planning Review, vol.60, pp.139-156. Available from: doi:10.15793/kspr.2009.60..008
Moon Heemyung, Seon-Jong Yoo "A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique" The Korea Spatial Planning Review 60 pp.139-156 (2009) : 139.
Moon Heemyung, Seon-Jong Yoo. A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique. 2009; 60 139-156. Available from: doi:10.15793/kspr.2009.60..008
Moon Heemyung and Seon-Jong Yoo. "A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique" The Korea Spatial Planning Review 60(2009) : 139-156.doi: 10.15793/kspr.2009.60..008
Moon Heemyung; Seon-Jong Yoo. A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique. The Korea Spatial Planning Review, 60, 139-156. doi: 10.15793/kspr.2009.60..008
Moon Heemyung; Seon-Jong Yoo. A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique. The Korea Spatial Planning Review. 2009; 60 139-156. doi: 10.15793/kspr.2009.60..008
Moon Heemyung, Seon-Jong Yoo. A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique. 2009; 60 139-156. Available from: doi:10.15793/kspr.2009.60..008
Moon Heemyung and Seon-Jong Yoo. "A Study on the Risk Factors Determining the Performance of Real Estate Auction-Using an AHP Technique" The Korea Spatial Planning Review 60(2009) : 139-156.doi: 10.15793/kspr.2009.60..008
