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Simulated Experimental Study On The Impact Of Real Estate Tax On House Prices

Posted on:2019-06-15Degree:MasterType:Thesis
Country:ChinaCandidate:T T LiFull Text:PDF
GTID:2439330566492561Subject:Applied Economics
Abstract/Summary:PDF Full Text Request
This article adopts the method of experimental economics,takes traders decision-making behavior as the core,takes the real estate tax system as the main line,and uses the double-sided auction market as the carrier to conduct relevant research and analysis on the implementation of the real estate market tax system and its impact on house prices.As an important economic lever to regulate real estate market and social and economic distribution,real estate tax plays an important role in guiding the effective allocation of real estate resources.Nowadays,the development of real estate markets in various countries around the world has been excessively prosperous,causing the world's countries to cause Great attention has been paid to the fact that governments of various countries have used real estate taxation policies to regulate the real estate market several times,but with little effect.Academic and political circles have also been discussing the hot topics of the real estate market.As the constant change of the real estate tax system is difficult to implement in the real estate market and the cost is higher,the introduction of experimental economics in the research of the real estate market problem can more accurately calculate the degree of house price fluctuation and control according to experimental needs.Experimental trading environment,combined with the experimental results obtained to verify the effectiveness of the policy.Among the many complex factors affecting real estate prices,this article selects the real estate tax rate as the main independent variable,and focuses on how this factor affects the real estate market through the trader's decision-making behavior and then influences house prices.In the process,this article first combined with the existing real estate tax system,put forward a theoretical hypothesis on how house prices of real estate tax,and then,based on the propositions of theoretical hypotheses and the analysis of experimental data,draw empirical tests and make corresponding analysis.The main conclusions drawn from this paper are: 1.When no tax is imposed,the production price will reach a high level of equilibrium;when the tax rate is 0.5%,the impact of real estate tax on house prices is not significant,and the maximum inhibitory effect is0.75%.When the tax rate is 1%,the effect of curbing the effect is the second;2.The net income of the unit real estate has a positive effect on the average price of the real estate price.Its influence varies with the average price of the real estate price.The higher the average price of the real estate,the more obvious the influence is.3.The impact of real estate tax onhousing prices is limited by the price itself.The policy recommendations put forward in this paper are: 1.Different tax rates for real estate with different market values;2.Reducing real estate taxes and reducing overall tax burden.This article also discusses the significance of experimental methods for the construction of China's real estate market system,and puts forward further research directions at the end of this paper.
Keywords/Search Tags:real estate tax, house price, experimental economics, double auction
PDF Full Text Request
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