"Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court"

Foreclosure properties sold at Japanese judicial auctions are delivered to buyers with an unclear title when occupants exist, because the foreclosure laws protect occupants from compulsory execution of auctions. The existence of occupants theoretically affects the auction price through two channels. First, it affects the reserve price, and this changes in auction price. Second, the number of bidders changes in response to changes in the reserve price that is controlled by occupants, and this changes the auction price. Using data from the Osaka District Court, we empirically find that the existence of occupants in properties reduces the auction price through two channels.

Distortionary Taxation, Excessive Price Sensitivity, and Japanese Land Prices

Japan has experienced turbulent behavior of land prices after World War II, especially after 1985. This paper first examines the explanatory power of a simple present-value model and shows its limitation. We then investigate two additional (not mutually exclusive) factors affecting the Japanese land price behavior: distortionary inheritance and capital-gains taxation, and excessive price sensitivity due to the non-Walrasian structure of the land market. Empirical results show that distortionary taxation is a major culprit of high residential land price, and that the non-Walrasian price behavior magnifies the effect of underlying change in the market fundamentals.

Considérations statistiques relatives à la distribution de la vitesse du vent

International audienceLe développement des énergies renouvelables, en particulier d'origine éolienne, implique de caractériser la vitesse du vent. Il s'agit d'une variable aléatoire qui, dans ce contexte, est considérée sous deux angles différents. Le premier concerne la conversion de l'énergie par une turbine, dont la puissance mécanique utile est proportionnelle au cube de la vitesse moyenne. Le second concerne la fiabilité de la turbine, dont la structure doit pouvoir résister à une pression dynamique proportionnelle au carré de la vitesse instantanée. En régime quasi-stationnaire,la vitesse du vent est distribuée approximativement suivant une loi de Rayleigh dont on utilise ici une extension naturelle sous forme d'une loi de Weibull, permettant de tenir compte, dans une certaine mesure, de la variabilité des paramètres physiques [1]. En ce qui concerne l'aspect énergétique, la distribution adéquate extraite du processus est celle des vitesses moyennes observées sur une période de 10 minutes, compatible avec la constante de temps mécanique de la turbine. On peut en déduire un facteur de forme énergétique, dont la valeur moyenne permet de caractériser le potentiel éolien d'un site géographique donné. En ce qui concerne la tenue de la structure, la distribution adéquate est celle des valeurs extrêmes déduite de la distribution précédente, après transformation quadratique. A partir d'une distribution des vitesses moyennes 10 minutes, on détermine analytiquement l'expression du facteur de forme énergétique et on montre qu'il ne dépend que du facteur de forme de la distribution de Weibull considérée [2]. En ce qui concerne la tenue mécanique de la structure, on détermine analytiquement les paramètres de la loi extrémale du maximum de la pression dynamique ainsi que sa relation avec la vitesse. Ceci permet de déterminer un dimensionnement compatible avec la fiabilité et la durée de vie assignés [3]. Ces considérations sont utiles en vue des traitements statistiques qui en découlent, lesquels ne sont pas considérés ici. [1] Tuller, S.E., Brett A. (1984), The characteristics of wind velocity that favour the fitting of a Weibull distribution in wind speed velocity, Jour. of Clim. & Appl. Meteor., 23, 124-134. [2] Pierrat, L., (2008), Limites du facteur de forme caractérisant le potentiel énergétique d'un site éolien, MOCM-14,Romanian Technical Sciences Academy, Vol.1, 209-214. [3] Pierrat, L.,(1997), Fiabilité d'un élément soumis à des contraintes extrêmes, JDS'97, 655-656

Exploring and Navigating LGBT Identity in Fandom

To date, very little qualitative research has been completed and published on how exactly those who identify as LGBT use the internet to explore and define their own identities. My research aims to fill this gap by studying how LGBT members of fan communities explore, navigate, and define their personal identities through their experience in the community and work in the realm of speculative fiction (“fan-fiction”). I will accomplish this through interviewing a number of LGBT-identified members of this community and asking about how their interaction with their community in addition to their personal work affected them in their personal coming-out process. I will then analyze these interviews to identify common themes in the experiences of LGBT members of fandom communities. With this research, I hope to investigate the unique experience of defining one’s sexuality in the internet age from the viewpoint of a member of a queer-positive, accepting community, so that I may identify possible characteristics of such a community that makes it an ideal place for individuals to safely explore their sexual identities

Employer Recruiting and the Gender Composition of Jobs

In this paper we examine employer recruiting in the external labor market as an intervening mechanism in the process of job gender segregation. We use data from the Metropolitan EmployerWorker Survey to examine the effects of informal and formal recruiting techniques on the gender composition of jobs, and how the characteristics of jobs, organizations, occupations and industries affect the use of formal and informal recruiting. Jobs more frequently recruited through formal techniques, such as advertisements, employ more women. In contrast, jobs more frequently recruited through informal techniques, such as business colleagues, employ fewer women. The effects of recruiting, however, are not always straightforward. Smaller establishments more frequently use current employees to recruit than do larger establishments. When smaller establishments use current employees to recruit this has a negative effect on the representation of women in jobs, while in larger establishments the use of current employees increases the representation of women

Strategic interaction between inter vivos gifts and housing acquisition

This paper models the interdependence of parental inter vivos gifts and children\u27s home purchases when informal care affects decision making. We use data from Japanese households who purchased a detached house in an urban area to test this strategic interaction. Considering both censoring and endogeneity of inter vivos gifts, which are identified by information on formal care, our preferred results demonstrate that inter vivos gifts do not significantly increase the purchase price of housing. Theory suggests that this occurs when informal care tends to be a heavy burden for children. However, subsample analysis of young home buyers indicates that the empirical results are consistent with the literature: children who receive parental gifts tend to purchase a higher-priced dwelling. One potential explanation is that relatively young adult children are less likely to take charge of care obligations, and accordingly, parental gifts are only expected to relax their liquidity constraints. Subsample analysis appears to indicate that the underlying motivation of parental gifts is influenced by the timing of children\u27s home purchase decisions

“Tra il sì ed il no siam di parer contrario”: la satira alle prese col fascismo

This time “Rereading” combines the subjects of various Between’s numbers, as it deals with humour, but also with censorship and with politics: it concerns one of the humour’s fields, satire, that goes from the unbridled polemic to the trivial entertainment, but always, if not too careful, feared and obstructed by political authorities, and always regarded as a one of the worst threats by totalitarian regimes. That’s what proves the destiny of “Il Travaso delle idee”, one among the brightest Italian humorous magazines, during 1924 and 1925 more and more watched and censored by Fascist dictatorship. We republish three articles, not signed (as it was usual at that time), that mock the political situation, and try to claim the journal’s independence; an unsuccessful effort, because, at the end of 1925, “Il Travaso” will be converted into a harmless amusement.Stavolta la rubrica unisce gli argomenti di vari nostri numeri, tratta di umorismo, ma anche di censura e di politica: perché riguarda un campo dell’umorismo, la satira, che ha ruoli molto diversi, che va dalla polemica sbrigliata al futile intrattenimento, ma che, se non è del tutto compiacente, è comunque temuta e osteggiata dal potere, e vista dai regimi totalitari come una delle peggiori minacce. Lo dimostra il destino di uno dei più brillanti settimanali umoristici italiani, “Il Travaso delle idee”, tra il 1924 e il 1925 sempre più controllato e censurato dalla dittatura fascista. Ripubblichiamo tre articoli di quel periodo, non firmati (secondo una prassi allora frequente), che deridono la situazione politica, e cercano di rivendicare l’indipendenza del periodico; alla fine del 1925 nondimeno ridotto a un innocuo diversivo

Condition audit and maintenance for public building (Police Quarters) / Mohd Nor Rash Idee Nora Afandi

Building maintenance is very important in a placement or an area. It is ensuring the life healthy ones and harmony achievable due to building in which case in good. In fact building that well groomed necessarily become choice for population so that they felting safe to stay. Accordingly, maintenance was of paramount importance in safeguarding asset from problem. To know about problems and so on maintenance, 4 Case studies was elected according to field study topic. Case study is made under supervise PDRM (Polis DiRaja Malaysia). The area that studied is under Shah Alam district and Klang district and focussed in managing and problem that faced by building and population. In providing dissertation, there will study on the maintenance of the police quarters and there will be brief condition audit to know building condition and problem that there are in building that maintained by officers that responsible by PDRM. Additionally, author should also know public satisfaction on the problem of encountering. Lastly, some suggestions proposed to overcome those problems emerges in management and some suggestions also been given in improving maintenance management quality in building quarters police

Détail d'une structure régionale majeure par méthodes géophysiques combinées - cas de la faille de Fécamp-Lillebonne (Seine-Maritime, France)

International audienceLa faille de Lillebonne-Fécamp est une faille normale-décrochante dextre (Hauchard et Laignel, 2008 ; Wazi, 1988), orientée N150° (orientation armoricaine) à regard vers l'ouest, à rejet vertical variable (150 m dans le secteur de Bolbec, 40 m dans le secteur de Lillebonne). Il s'agit d'une structure géologique régionale majeure qui traverse le Pays de Caux sur plus de 25 km et se prolonge en Manche au large de Fécamp en prenant progressivement une orientation E-O. Au sud, cette structure n'atteindrait pas la Seine et viendrait buter contre l'accident de Notre-Dame-de-Gravenchon-Villequier, orienté N060° (orientation varisque). A l'échelle du Bassin de Paris, cette structure s'inscrit dans la continuité des failles de la Seine, de Rambouillet et d'Etampes, et présente la même orientation que la structure du Bray. Dans le paysage structural du Pays de Caux, la faille de Lillebonne-Fécamp est également associée à de larges structures plicatives à faible pendage, globalement parallèles à la faille (Ragot, 1988). En 2017, des investigations géophysiques ont été réalisées par le BRGM dans le secteur de Bolbec pour améliorer les connaissances géologiques et structurales dans la zone. L'interprétation et la corrélation conjointe des profils géo-électriques, sismiques et de la carte gravimétrique a permis de confirmer la thèse de Ragot sur la géométrie en faisceau de la faille, et de proposer une nouvelle carte structurale pour le secteur de Bolbec