A Study On Land Banking Decision Making

Urban land banking is gropingly operating in China of which the decision making process has characteristics of deal and administration. Restrictting by subjective will of the government decisionmakers, the decision results are of a certain extent randomicity and blindness. The paper aims to explore the theory and practice of land banking decision making, in order to offering governments and their agencies consults, and bringing foreword referrences to regulate macro land market, and to modify land banking policy.On the basis of documentary study, the paper studies the theories and method of land banking decision through theoretics and demonstration, focusing on quantity decision of land banking and provision under different institutional circumstances. This thesis follows the normal form of the modern economics research, combines norm and real example, uses management, new classical economics, economics of information, and econometrics as well, analyses land banking decision making systematically. The thesis is composed of 6 parts and 8 chapters, provided as follows:The first part is made up of chapter 1. Chapter 1 briefly introduces the significance, reviews existing literature, bring forward research methodology, research hypothesis, major new ideas of the paper, and deficiency as well.The second part includes chapter 2 which studies the system circumstances of the decision, through different aspect such as the formation of system, supply and demand of system, multiple dynamic objects, etc. During the process of land banking induced institutional change, macro policy provides local government with more degree of freedom, and then, brings on differences among land banking operating patterns. Based on the ananysis of foreign patterns, we compare the differences between them, and qualitatively analyse the dynamic change of land banking system.Chapter 3 is the 3rd part of the paper. We analyse and evaluate the status quo of land banking decision making which is regarded as the practical base of fabricating land banking decision theory, and of studying decision method. As the theoretical base, the paper also discusses the S-s model, maximum-net-income model, utility fuction criterion of evaluation, and figures out research thoughts and frame of analysis.Chapter 4, 5 and 6 make up of part 4, the theoretical and methodological portion. Grounding on maximum utility fuction criterion, the paper successively probes into decision restriction condition of different circumstances, namely government dominanting, market dominanting partern 1 and market dominanting partern 2. We look upon land banking decision making as maximizing utility fuction, subject to different restriction condition, while the government makes choise of the quantity of land banking and...