DocumentCode
693926
Title
Multilateral Game in Chinese Real Estate Price: A Game Analysis of Real Estate Tax and Land Tightening
Author
Jun Yan
Author_Institution
Sch. of Econ. & Finance, Kaifeng Univ., Kaifeng, China
fYear
2013
fDate
14-16 Nov. 2013
Firstpage
387
Lastpage
391
Abstract
Healthy, stable and scientific regulation of real estate market is a matter of Chinese people´s livelihood and just because of the importance of the real estate market, the control measures introduced to the real estate are so dense and violent in recent years, for example country eight, country ten and so on. Begin to levy property tax in the pilot, as the representative of soft regulation and tight to the roots for the hardware control are constantly combined introduction. View of the different effect of introduction of software regulation and hardware control for the real estate interests stakeholders-Real estate developers, consumers, government, this paper attempts to use the utility matrix to study the game between multiple parties, Look forward to a simple form of government´s macro-control of the complex influence of all parties in the game, and try to find the optimal solution, in the rational constraints of the real estate market which carry on the software regulation and hardware control at the same time, the optimal solution and a stable solution is the steady rise in house prices for a long-term.
Keywords
game theory; pricing; real estate data processing; Chinese real estate price; game analysis; hardware control; land tightening; multilateral game; real estate tax; software regulation; utility matrix; Economics; Face; Finance; Games; Investment; Local government; Game; Housing Price; Regulate and Control; Utility matrix;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering (BIFE), 2013 Sixth International Conference on
Conference_Location
Hangzhou
Print_ISBN
978-1-4799-4778-2
Type
conf
DOI
10.1109/BIFE.2013.81
Filename
6961161
Link To Document