房地产市场中的羊群行为及其对商品房交易量..pdfVIP

39 2 ( ) Vol. 39, No. 2 2009 3 Journal of Zhejiang University(Humanities and Social Sciences) Mar. 2009 DOI: 10. 3785/ j. issn. 1008-942X. 2009. 02.020 房地产市场中的羊群行为及其 对商品房交易量的影响 1 1 2 贺京同 战昱宁 万志华 ( 1. , 300071; 2. , 110178) [ ] 35 , Hwang Song Mark Salmon , , , , [ ] ; ; ; Herding inReal stateMarket and Its Impact on the Quantity of Commercial Housing 1 1 2 H e Jingtong Zhan Yuning Wan Zhihua ( 1. Institute of Economics, N ankai University, Tianj in 300071, China; 2. College of Economics, Shenyang University of Technology, Shenyang 110178, China) Abstract: By ado ting Hw ang Song and Mark Salmonps Herding Behavior, this a er makes a detailed survey of the real estate markets in 35 Chinese cities, finding that there is serious herding behavior in the Chinese real estate market. Results indicate that herding behavior is one of the critical factors that accelerate the rise of the rice of commercial housing and the decrease of sales. After an analysis of the determinant factors of herding behavior, it oints out that the main measurement to weaken the herding behavior is to stabilize the overall antici ation of the real estate market, which includes means of stabilizing consumersp antici ation of the inflation, decreasing the rate of unused commercial housing, su ressing the over-increase of the consumer rice index. Key words: herding behavior ; behavior economics; real estate market; trading amount [ ] 2008-10-12 [ # ] htt : / / ww w . journals. zju. edu . cn/ soc [ ] ( ; ( 2007JJD790136) [ ] 1. , , , , ; 2. , ,