The Economic Analysis On The Special Interest Blocs' Distorting China's Real Estate Public Policy

Public policy incarnates the publicness of the participated main bodies which are interest-oriented. The adjustment and control of the real estate policy is the adjustment of interests essentially. The inefficiency of China's real estate public policy is essentially a Game result of interest blocs in the establishment and bring into effect of central public policy, but as the vulnerable body—the commercial house consumers lack a channel to express themselves in the trade process. During the game course, for the sake of their own interests, some government officials are influenced by rent-seeking behavior of some interest blocs in the establishment of public policy, and finally make the acts violate to the public policy. At present, the three mainstay interests of China's real estate market are: government, real estate developers and commercial house consumers. They make up of a triangular relationship: the relationship between the government and developers is regulate and being regulated, the relationship between developers and commercial house consumers is a market trading relationship, the relationship between government and people is a people's livelihood relationship. The main problem is the relationship between the government and the developers. The structures of the regulatory institutions, the competition for the...