An Empirical Study on Irrational Bubbles of Ordinary Residential Market in China
Ying Wang () and
Bo Wang
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Ying Wang: Xi’an University of Architecture & Technology
Bo Wang: Xi’an University of Architecture & Technology
Chapter Chapter 9 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 79-86 from Springer
Abstract:
Abstract This paper analyzes present situation of real estate market in China and studies the method to determine the basic price of ordinary housing and measure the degree of irrational bubbles based on the partial equilibrium framework. This paper also analyzes the irrational bubbles of ordinary residential market with real estate-related data in Beijing and Xi’an. In addition, this paper presents some recommendation on formulating real estate regulatory policy for Chinese government.
Keywords: Basic price; Economic bubbles; Irrational bubbles; Ordinary residential market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38433-2_9
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DOI: 10.1007/978-3-642-38433-2_9
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