Analysis of Price Bubble Formation Mechanism and Management Strategy Based on Limited Rational Real Estate Market

Abstract

Abstract:

Research on the real estate market price formation mechanism is the basis for exploring the real estate bubble governance strategy. In this paper, from the study of nature of real estate properties, the utility composition of the supply and demand of real estate was discussed, the formation of the price of real estate and the development of the price bubble was analyzed from the condition of gradual relaxation of complete information(rational) to the condition of incomplete information(irrational), and suggestions for the control of the bubbles were proposed.

Key words: real estate bubble; , limited rationality; , information game

CLC Number:

F 293.31

PAN Yun1,LAN Hai1,LIU Tiejun2,TU Meizeng1. Analysis of Price Bubble Formation Mechanism and Management Strategy Based on Limited Rational Real Estate Market[J]. Journal of Shanghai Jiaotong University, 2014, 48(09): 1351-1356.

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