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Speculative Behavior Monopoly Pricing And Real Estate Price

Posted on:2008-07-31Degree:MasterType:Thesis
Country:ChinaCandidate:L WangFull Text:PDF
GTID:2189360242465591Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
China had finished the traditional welfare house-allocation system since 1998. From then on housing which is closely linked with the ordinary family entered the market circulation time. The housing market-reform enabled the real estate industry to become a new growth spot in Chinese economy, and has guaranteed our country economy sustainable growth during the deflation time. At the same time housing market-reform reduced the serious burden which the traditional welfare house allocation system brings for the government and the enterprise. However, due to the macroscopic environment that the housing market-reform is facing (for example ordinary inhabitant low income level, corresponding institution supplies deficient) still is not perfect, following the house market advancement the house price continues to rise at the same time to cause the ordinary family to be unable to withstand the heavy burden, meanwhile the real estate industry is expanding rapidly.This article analyzes reasons about the present house price's rising in market, mainly from the market demand and the supplies views, and makes an appraisal to government's regulative policy from economic view. The specific research mainly includes (1) to analyze the present situation about housing market as well as its reasons; (2) on the base of (1), puts forward the basic measures through the economic model analysis to solve this problem, and make an appraisal to the government's regulations in recent years; (3) focuses on the government behavior and analyzes whether real estate market does have the monopoly price or the dual monopoly price possibility, and puts forward the policy proposal.Through the analysis, we believe the fact that the present situation of China house market has two deep problems. The first, investment and speculative behaviors have extruded the housing demand, and under environment of housing supplies insufficient, they and massive latent demands are supporting house price long-term growth. The property tax is the basic regulative method to suppress investment and speculative behaviors; the second, government behavior and incontinuity of land supplies enable local governments and enterprises to have the ability to operate the market price.
Keywords/Search Tags:Speculative behavior, government regulation, Incontinuity of land supply, Double monopoly
PDF Full Text Request
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