A Robust Regulator Designed for Chinese House Market to Deal with Speculation

DOI

10.2991/lemcs-14.2014.15How to use a DOI?

Keywords

House Market;Robust Regulator;Dynamics; Stability; Innovated land biding method; Price mechanism

Abstract

To deal with the speculation in Chinese house market which leads to the sustained and rapid rising of house price and the accumulation of bubbles, and leads to the inefficiency of resource allocation, this paper designed a robust regulator for Chinese house market through the discussion of the reason of excepted house price that aroused speculation based on the cybernetics, the robustness regulator is an innovated land biding method: the one who return the highest proportion of houses built on this land would get it, and the government lease the houses which was drafted at random at the price of market clearing. The robust regulator made the Chinese housing market remained robustness under the circumstances with speculation. The design of this robust regulator had some theoretical contribution to Chinese market economy.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xin Tong
AU  - Susheng Wang
PY  - 2014/05
DA  - 2014/05
TI  - A Robust Regulator Designed for Chinese House Market to Deal with Speculation
BT  - Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science
PB  - Atlantis Press
SP  - 61
EP  - 66
SN  - 1951-6851
UR  - https://doi.org/10.2991/lemcs-14.2014.15
DO  - 10.2991/lemcs-14.2014.15
ID  - Tong2014/05
ER  -