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Research On The Game Relationship Between Local Government,Real Estate Enterprises And Consumers

Posted on:2020-07-21Degree:MasterType:Thesis
Country:ChinaCandidate:S N ZhaoFull Text:PDF
GTID:2439330572997852Subject:Business management
Abstract/Summary:PDF Full Text Request
The real estate industry is a pillar industry for the development of the national economy,and its healthy development is vital to the development of the national economy.Although the government has introduced various regulatory policies,the real estate market still has problems: Unregulated land transactions have led to a rapid rise in housing prices,consumers panic over rising house prices,complaints increase;government regulators worry about unsound markets and social problems brought by consumers;real estate companies are panicking about rising land costs and government policies.Housing prices,supply and demand conditions and bubble indicators in the real estate market indicate that China's current housing prices are high,and the contradiction between the government,real estate companies and consumers is prominent,which is likely to cause market development chaos and other social problems.Studying the game relationship between government,real estate enterprises and consumers is of positive significance for improving the real estate market,coordinating the interests of market participants,and solving a series of problems in land transactions,rising house prices,solving supply and demand contradictions,market order and macroeconomic regulation.Without the intervention of the central government,build the two-party game model between local government and real estate enterprises,real estate enterprises and consumers,local governments and consumers,analyze the contradictions of interests of each game,and point out the main factors affecting the game and its evolution process and path.At the same time,the game model between the three participating entities of local government,real estate enterprises and consumers is constructed,and the evolutionary stability strategies of each subject are analyzed.Studies have shown that local governments tend to collude with real estate companies for their political achievements and financial needs,raise land prices,and have low enthusiasm for market regulation.Real estate companies pass on land costs to housing prices,and consumers are constrained by spending power.It is easy to trigger and intensify social contradictions to the high housing prices,and it is difficult for the game system to reach equilibrium.The simulation of MATLAB shows that only when the local government actively regulates and regulates the control or the policy support of the consumers is large,the three-way evolutionary game will develop towards the ideal state andgradually stabilize,and it shows that local governments have low initiative and active control.Therefore,the housing market needs the intervention of the central government,and guidance to promote healthy and orderly development of the market.Under the supervision and intervention of the central government,the game model between the three participating entities of local government,real estate enterprises and consumers is constructed.Through the reward and punishment mechanism of local governments,the local government is urged to implement the central government's regulation and control policies and mobilize the enthusiasm of local government regulation.Local governments have increased the regulation and control of the real estate market,regulated land transactions,curbed excessive housing price increases,strengthened the construction of affordable housing,and implemented certain preferential policies for home buyers,strictly implemented various control policies,and ensured the effectiveness of policy implementation.In order to achieve stable housing prices,achieve the goal of home ownership,achieve the balance of interests of the game and improve social benefits,the housing market is developing in a healthy and orderly direction.MATLAB simulation shows that under the influence of the central government's reward and punishment mechanism,the probability of local government's active regulation and control increases,real estate enterprises pay more attention to sustainable development and social responsibility,and the enthusiasm of consumers in housing is also increased under the good policy environment.The market is moving in a healthy and orderly direction.Therefore,in the context of high housing prices,the central government should be strengthened to intervene,optimize the assessment methods for local governments,establish and improve incentive and punishment incentive mechanisms and accountability mechanisms,pay attention to housing price regulation,and build a long-term mechanism for housing price regulation;Local governments should adapt policies to consolidate housing prices,promote the construction of affordable housing,realize the residence of residents,and promote the continued prosperity of the real estate market.
Keywords/Search Tags:government intervention, housing market, game relationship, MATLAB simulation
PDF Full Text Request
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