Dynamic Game Between Real Estate Developer and Consumer

摘要

Based on game theory and expectations hypothesis,this paper has analyzed the dynamic relation between real estate developers and consumers.Through introducing regulative parameters into the model the players'game behavior is demonstrated.The adaptive expectation theory and disequilibrium cobweb models are used to analyze the system complexity.Numerical simulations show the dynamic game behavior.It will cost much longer time for supplier's expected price to fit together with that of consumer's when the regulative parameter is large,but if the regulative parameter is decreased properly it will need shorter time for them to coincide with each other.