摘要
依据合约理论的分析框架,研究了中国大陆商品房预售市场较为常见的固定价格合同.首先研究不存在融资的固定价格合同,发现固定价格合同存在激励,但是,隐藏着不合理的风险分担机制,开发商在分享合同产出的同时却没有承担相匹配的风险,造成合同激励不足;其次,建立一个更接近现实(考虑融资和税收)的一般模型,并应用于宏观调控分析,比较研究发现允许开发商通过预售融资可以抑制商品房价格上涨;最后,构建了宏观调控函数,研究了政府通过宏观调控变量的协调变动对期房市场进行调控的可行性.
According to the anafysis framework of contract theory,this paper analyzed the house pre-sale contract with fixed price that is more common in Chinese real estate market.First of all,we studied the house prosaic contract model without financing involved and found that incentive exists in the fixed price contract,but developers fail to undertake the matching risk while sharing output of the contract,which leads to insufficient incentive effect of fixed price contract：Secondly,we established the general house pre-sale contract model（considering financing and tax） which is more close to the reality of China and analyzed the problem of macro-control in pre-sale housing markets.Through the comparative study we found that allowing developers to finance by the pre-sale system can prevent housing price rising.Finally, we constructed the macro-control function and researched the feasibility of government＇s regulation on forward delivery housing market through the coordination of macroeconomic control variables.
出处
《系统工程理论与实践》
EI
CSSCI
CSCD
北大核心
2010年第5期835-840,共6页
Systems Engineering-Theory & Practice
基金
国家自然科学基金(70672104)
教育部新世纪优秀人才支持计划(NCET-05-0811)
关键词
商品房
预售制度
固定价格合同
合约理论
housings
pre-sale system
fixed-price contract
contract theory
