Game Research Among The Main Bodies Of Investment And Financing In Rural Housing Construction

Rural housing construction is an important content of the development of new socialist countryside, and with the improvement of farmers’living standards, their requirements for housing was gradually improving. But the development of China’s rural housing construction has many difficulties. An important reason is the problem of rural housing construction’s funds shortage has failed to be effectively solved. Serious funding gap restricts the development of rural housing construction, which makes farmers’housing demand could not be met.At present, our country’ research on investment and financing in rural housing construction are few, especially the studies on the interrelationship between main bodies of investment and financing in rural housing construction. So to increase theoretical support for rural housing construction, particularly to clear the relationship between the main bodies of investment and financing in rural housing construction, is the precondition and key to solve the problem of investment and financing in rural housing construction.In these backgrounds, this paper applies game theory to study the relationship of main bodies of investment and financing in rural housing construction, in order to provide policy proposal on how to solve the investment and financing problem in rural housing construction. This paper’s writing ideas are as follows:Firstly, summary the domestic and foreign research achievements on investment and financing in rural housing construction and main game relationship between main bodies of investment and financing; Analysis present situation of domestic investment and financing in rural housing construction and the reason of investment and financing’s inadequacy in rural housing construction; draw on foreign successful experiences of investment and financing in rural housing construction, to lay a solid theoretical foundation for follow-up studies.Secondly, through the analysis of government, financial institutions, farmers and developers the four main bodies of investment and financing in rural housing construction, make clear their behaviors of investment and financing and interest orientation, to provide references for the next study on the inherent relationship between main bodies of investment and financing. Then, use game model to analysis the relationships between the four main bodies of investment and financing, apply game analysis methods such as backward induction, method of scraping line, function method etc, to find the Nash equilibrium or mixed Nash equilibrium between the main bodies of investment and financing, and choose the Nash equilibrium or mixed Nash equilibrium, furthermore build Pareto optimal equilibrium strategy which meet the interests of all parties. This is the focus of this paper, as well as the basis for later to come up with policy recommendations.Finally, on the basis of previous research, combine with the current situation of development of investment and financing in China’s rural housing construction, put forward policy recommendations to the four main bodies of investment and financing respectively, thereby regulating the behaviors of main bodies of investment and financing, to guide the main bodies of investment and financing increasing investment for rural housing construction, then to fundamentally solve investment and financing issues in rural housing construction, so as to promote the development of rural housing construction and new rural construction.