A Game Analysis Of Our Real Estate Market Based On Information Asymmetric

This article begin with the real estate market information asymmetry the realistic conditions, using the game theory research methods, selection of dynamic game and the static game and cooperative and non cooperative game method of the relationship between real estate market main body to carry on the research. Starting from The game between the government and developers, in land supply, the cooperative game model to explore the land bids (real estate developers) between the government and the game relationship, at the same time for government regulation of the real estate market with the asymmetric information dynamic game model analysis. On the regulation and punishment study, using complete information static game analysis. In the game between banks and the government,study on the game core--interest, through the calculation of the bank between the government and the profit function for game in the conditions of the study, at the same time, based on the information asymmetry phenomenon, this paper uses information economy theory to interpret the writing moral risk and problems between the bank and the developers. In the last of this section, we also studied about whether banks into the real estate market in the game process, using complete information static equilibrium method, find the balanced result. In the bank and government study, and based on the information economics of the principal-agent model as a research tool, on the banks of-government in the real estate market interests game conducted a comprehensive analysis of specific. The final study is between consumers and developers about the price and the purchase of game analysis, using complete information static game model equilibrium analysis, while the internal game between consumers and consumers and the relation between the government and gives a game analysis.After the game analysis model, this article through the actual data is analyzed by game theory, in the land supply of the major city in Anhui Province, the first quarter of2012and2011land supply for game results, using the2011real estate enterprise capital source data for bank credit, game shows, through the major city of Anhui province real estate transaction volume and price of the real estate market sales of the game results.The government increase the supply of land, and reasonable pricing will be the best choice, attracting a large number of developers, the pursuit of maximum benefit, and developers should take on the control of market information, to the land by a thorough understanding of information, the optimal decision selection. At the same time the government must ensure that developers in the reasonable rules under the implementation of the real estate market operation, once the irregular phenomenon, must take punitive measures, to strengthen the real estate market regulation. For banks, to maintain the stability of interest rate market, not the for profit only. For the developers.on one hand that they should try to use its own funds to engage in real estate development, reduce the cost, on the other hand that they should care about loan amount, and the bank rate changes, select a win-win game strategy. Consumers should avoid blindly believe that the real estate investment effect, believe that the future prices will rise, need from their own situation, rational purchase or investment. This is both stable real estate market overall price, also reduce your investment risk.