Research On Evolutionary Game Based On Real Estate Developers

Currently the real estate industry to maintain rapid development, there are more than 80 real estate-related industries. It becomes more and more important, macroeconomic is impacted Economic fluctuations of the real estate. The game is still the key to the real estate market's participants because of interests. Evolutionary Game Theory has less than Classical Game Theory requested in the rational aspects of Game participants. It introduces dynamic process of imitation and learning in repeating Game, and makes Game process closer to reality. For real estate developers to further improve strategic decision-making behavior providing a theoretical reference, this article will introduce Evolutionary Game Theory to the process of the real estate market's researching, and further promotes the healthy and rapid development.The paper firstly analyses that real estate developers are in the heart of the real estate market. From the perspective of real estate developers, the paper introduces Evolutionary Game Theory to the process of the real estate market's researching. The paper major studies that Evolutionary Game Analysis between real estate developers and the others, and between real estate developers and it faces the participants. When the thesis analyses real estate developers and others by Evolutionary Game theory's means, real estate developers reach a unique balance point of Bertrand and Cournot in the Bertrand and the Cournot model according Malthusian equation. It is known that real estate developers reach a balance point of yield strategy in the product differentiation strategy implementation process by Evolutionary Game theory's means. When the thesis analyses real estate developers and it faces the participants by Game theory of evolutionary means, this paper focuses on the evolutionary of the game between real estate developers and consumers, between real estate developers and financial institutions and between real estate developers and local governments. This paper draws phase diagram of the dynamic system about Evolutionary stable strategy of real estate developers and the others participation, then draws a conclusion that their evolutionary stable strategy is related to the initial conditions, by changing the initial conditions changes mutation groups receipts, then changes the stability of evolutionary strategy. Secondly, this paper analysis the problem of whether declining about real estate prices in Shanghai by means of evolutionary Game theory, it is decided initial conditions, for example :the state where the real estate market, the price of real estate, the construction cost of real estate developers, gross margin trades of Shanghai and the whole country, the implementation of government policies and consumers' expectations in Shanghai. This paper draws evolutionary stable strategy that real estate prices will not fall in Shanghai by analyzing 2006 data.Finally concluding this paper, the author puts forward some suggestions of real estate market for the status of the real estate market in Shanghai, and summaries the inadequacies, proposes further research directions.