China´s housing price growth mechanism of the design constraints

In this paper the authors designed the model based on the real estate business receipts and local government housing revenue. The authors put forward the design thought of reasonable prices and constructed house price growth and regional economic growth as well as income consistent with the constraints of the case and also gave the central government toward enterprises, local government and consumer´s deed price control under the game´s parameters. They drew the conclusion that the intensity^η t of land macroeconomic regulation and control as well as the market interest rate tool^π t are effective tools, and land compensation δ t is an ineffective policy tool.