DocumentCode
2655459
Title
Efficiency on the Property Market by DEA Analysis -Based on SEM
Author
Pei, CHEN ; Chuan-zhe, Liu
Author_Institution
China Univ. of Min. Technol., Hangzhou
fYear
2007
fDate
20-22 Aug. 2007
Firstpage
2318
Lastpage
2324
Abstract
This essay explained the reason why the soaring housing prices cannot be controlled ultimately nowadays from the aspect of DEA efficiency. It shows that, although the housing prices in some cities are so high, making the consumers and the merchant has to pay more, but because these areas can also supply more additional output value, it makes the high housing prices deserve the cost. With the general conclusion, it may be not effective in developed areas and it may be not ineffective in undeveloped areas. We also find that there are two extremely different trends in the property market in all the thirty-one different areas all over our country, to be appropriate and reasonable or not, without the intergradations. Furthermore, this essay also put forward some specific suggestions for the better development of the property market in our country currently through the Scale Benefit Analysis and Projection Analysis.
Keywords
data envelopment analysis; pricing; property market; DEA analysis; SEM; housing prices; projection analysis; property market; scale benefit analysis; Appraisal; Cities and towns; Conference management; Costs; Data envelopment analysis; Decision making; Engineering management; Government; Production; Technology management; C2R Model; DEA; SEM; efficiency structure; the property market;
fLanguage
English
Publisher
ieee
Conference_Titel
Management Science and Engineering, 2007. ICMSE 2007. International Conference on
Conference_Location
Harbin
Print_ISBN
978-7-88358-080-5
Electronic_ISBN
978-7-88358-080-5
Type
conf
DOI
10.1109/ICMSE.2007.4422184
Filename
4422184
Link To Document