The direction of future countermeasures for unmaintained vacant houses and buildings from the point of view of Law and Economics

Abstract

This paper analyzes the effect of current various countermeasures for external diseconomy caused by unmaintained vacant houses and buildings from the point of view of Law and Economics, and shows that such countermeasures do not necessarily function eff ectively and efficiently. As the result of these, this paper proposes to give appropriate incentive in tax system to owners of those houses and buildings as the direction of future countermeasures.