Land Prices and Housing Prices in China: An Empirical Study Based on the Game Theory

摘要：

In this paper, the ten-year empirical data of housing system reform is used to research on the relationship between land prices and housing prices. By modeling the game between the local government and enterprises and exploring the interior mechanism between housing prices and land prices, this paper concludes that the long equilibrium of the game between the local government and real estate developers aims to raise the housing prices initiatively, while the role of the national macro-control is quite limited. In addition, from the perspective of the game between the government and enterprises, we find that it is land price that boosts the rise of housing prices, rather than the contrary.

关键词： land prices housing prices game between the government and enterprises ADL model

作者: ZHAO Weiya TAN Xinghe REN Guoliang

作者单位: School of Statistic and Mathematics, Zhejiang Gongshang University, P.R.China, 310018

会议类型: 国际会议

会议名称: The 3rd International Institute of Statistics & Management Engineering Symposium(2010 国际统计与管理工程研讨会 IISMES)

会议地点: 威海

会议语种:英文

页码: 683-687

在线出版日期: 2010-07-24（万方平台首次上网日期，不代表论文的发表时间）