我国房地产市场监管的必要性研究-外文翻译.doc

大 连 理 工 大 学 本 科 外 文 翻 译我国房地产市场监管的必要性研究China's real estate market regulators need to study学 院（系）： 建筑工程学院专 业： 工程管理学 生 姓 名：学 号：指 导 教 师：完 成 日 期：大连理工大学程城市学院Dalian University of Technology City InstituteChina's real estate market regulators need to studyChina's real estate market regulators need to studyAbstract: real estate has become an important pillar industry, real estateDevelopment and closely related to the national economy. This papertheoretically discusses the real estate market monopoly, externalities, publicgoods characteristics and information asymmetry, and from our real estateDevelopment process and the specificity of the perspective of the real estatemarket analysis studies, and thus fully proved right China's real estate market,the need for regulation.Keywords: real estate; market; regulation1. the real estate market failure determines the need for governmentregulationRegulatory Economics research amply demonstrated that market failureis a market economy, an important reason why government regulation,resulting in market failure is due mainly to a monopoly, externalities, publicgoods and asymmetric information, the real estate market also exists marketfailure.(A) the real estate market there is no monopolyMonopoly of real estate is determined by the real estate properties, realestate is the location of the main features of the non-mobility, a housing Oncethe location of other buildings on the irreplaceable, but also because there arefloors, towards the various other factors, determine a house in each house areindependent, so the property in the rental and sale, with regional andmonopoly, and thus the formation of monopoly prices. As the largest realestate investment, long payback period, which can enter the real estatemarket can only be a few enterprises coupled with the limited supply of landand real estate Development and operation of the scale of requirements, it is1China's real estate market regulators need to studyeasy to form partial or regional monopolies the land market by a governmentmonopoly, affordable housing and low-rent housing provided by theGovernment. In order to stabilize housing prices, protecting the interests ofconsumers, the real estate market must be Government regulation.(B) the existence of external effects of the real estate marketReal estate includes both the concept of external economic activities inthe real estate subject to the impact of other economic subjects, which alsocovers a number of other economic entities of the impact of economic entitieson the property, the external effects of external economic and policy-makingfunctions of the main embodiment is different: externalities imposed by aparty to only consider their own profit maximization problem, a matter ofpersonal reason rather than social rationality.The external nature of the real estate according to different standards canbe for a variety of categories according to their scope resulting from theeffects of externalities can be divided into macro-and micro-externality.Macroeconomic externalities is a kind of real estate behavior of economicagents impose on others outside of the main benefits as a result of real estateinvestment and Development activities to improve the investmentenvironment in the entire region, which for the industrial and commercialeconomic activity, cost savings and extended Industry profitability space.This real estate imposed on the beneficial effects on other industries is amacro-external economic phenomena. Urban industrial and commercialprosperity, not only enhances the economic vitality of the entire city, but alsomakes the relevant areas raise the level premium location, which is imposedon other sectors of the external economic effects of the real estate industry.Micro real estate outside the real estate industry refers to the variouseconomic agents within or between the different economic activities in thereal estate that exists between external effects. For example, the commercial2China's real estate market regulators need to studyand industrial real estate development activities on residential real estatedevelopment, distribution and consumption of both the existence of externalinfluences.According to the nature and role of external influences the direction of thereal estate be divided into external economies and external diseconomies.Any economic activity because the real estate benefit from externalinfluences known as the real estate outside the economy. Because of realestate development made the city belongs to the real estate landscape greatlyimproved external economic. Any economic activity because the real estatedamaged by external influences known as the real estate externaldiseconomies. Urban land development and construction result inover-crowded housing, public green space reduction, and environmentalpolluti。