The Empirical Study Of Supply And Demand And Price Mechanism Of Beijing's Real Estate

The thesis is based on real estate economics,mainly discussing the supply and demandrules and price mechanism of the real estate of Beijing.The thesis analyses the Beijing realestate dynamicly with the state space model and cobweb model.The results show the price flexibility is bigger than interest rate flexibility between thesupply flexibility of real estata.It indicates that the total investment of the Beijing realestate lies on the price of buildings sales.The income flexibility is biggest among thedemand flexibility of real estate.It indicates that the demand of the Beijing real estatamainly lies on per capita discretionary income.The price movement of Beijing real estate is emanative,it can be seen from themodificatory cobweb model.The Beijing real estate market would not become equilibriumbecause of the special attribute of the real estate.The price of the buildings sales would wave acutely when price mechanism wereworkless.The thesis gives some advices to avoid this phenomenon,for instance,increasingthe valid housing,directing the demand of houses,improving the housing security system.