Equilibrium Price Research Based On The Bargaining Theory In Real Estate Market

Since2007, China’s housing prices have been in a spurt of growth. With the promulgation of the macroeconomic regulation and control policy in2008, housing prices has been curbed. A recent round of regulation is from the end of2009.In the keeping tightened policy environment of2012, the trend of housing pride receives wide attention of the whose society.This paper researches on the real estate market in the downward cycle, analyses the current policy influence and the real estate market transaction data in Wuhan City. By making use of the method of "Game theory",the author have established a more complex dynamic game model between consumers and businessmen, and then got a profit equilibrium point. This paper detailed described the determination of upper and lower limitation, shows that the "average cost" is the proper price floor, the maximum average price is the proper upper price limitation, and get the start time of the game, then, we get the end time of the game,and shows that consumer’s initial belief is the most sensitive factor that influence the end time. In the last, this paper discusses advantages of the model to solve the current price and goods to each participant, put forward several constructive suggestions to promote healthy development of the current situation of the real estate industry.