Analysis of the current price of the real estate based on game theory

被引:0
作者
Lv Bo [1 ]
Zhang Mingyu [1 ]
Jiang Kongqiao [1 ]
机构
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China
来源
Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE | 2006年
关键词
bubble; game theory; macro adjustments and controls; Nash Equilibrium; price of the real estate (house estate price);
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
After analyzing the rising price of commercial house and the confused information of real estate market, the author draws a conclusion that there were little bubbles forming in the industry of real estate. Then the article points out that the price of real estate keeps soaring because we did not establish the Nash Equilibrium under the current policies. According to game theory, the author analyses the games between the related parties from four aspects, such as government & developer, developer & buyer, developer & developer, and buyer & buyer. Based on the above analysis, the ' author gives the best strategies how to maximum the benefits for different parties. In the end, after establishing Nash Equilibrium under different circumstances, the author also gives the main advices of macro adjustments and controls to squeeze the bubbles in the market.
引用
收藏
页码:1543 / 1546
页数:4
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