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Title: Game Analysis on the Real Estate Market of Central Government, Local Government and Real Estate Developers
Source: International Conference on Engineering and Business Management 2012(Part 3 Engineering and Project Management) (pp 2190-2192)
Author(s): Meiting Chen, Beijing Jiaotong University, Project Management Dept, Beijing, China, 100044
Abstract: Since 2005 to the present, skyrocketing housing prices have reached staggering proportions. Central government, local government and the real estate market are inextricably linked. As the main body of the real estate market, real estate developers and the central government, local government also has complex linkages. In the real estate market, the central government, local government and real estate developers have their own interests. And the interests of the game among the three also have a negligible effect on the housing prices. In this paper, the game between the three have been described, and for the game analyze the causes of behavior, and pointed out the three games on the impact of the real estate market, and for this phenomenon, with recommendations.
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