• 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