"house Property" Reasonable Analysis

In 2007,with the high price of the city real estate,the 'limited property house' was sold extremely well.And people from various fields paid attention to the 'limited property house'.'limited property house' is built on the rural collective land,and is sold to the members outside of the collective.It is 25%～30%of the city real estate,attracting most buyers. Now the 'limited property house' accounts for 20%of the real estate market.So it becomes an important real estate type.The emergence and development of the 'limited property house' is not accidental.During the development of the market economy,the contradictions between institutions,between the institution and the economy development make the 'limited property house'.With the maturity of the market economy,the land achieves great value-added. However,the owner of the rural collective land can not share the added value reasonably under the dual land institution.With the development of the market economy,the peasantry's market awareness and rights awareness is becoming stronger and stronger.They make full use of the gray area of the law inventing the 'limited property house' creatively.This broke the pattern of benefits distribution,and expressed the demands of the peasantry participating in the market economy actively.The existence of the 'limited property house' is reasonable.This article will analyze the rationality of the existence of the 'limited property house' from the perspective of institutional economics.Coase's analysis of interactivity will be used,based on the overall scale and margin to analyze the positive externalities.But in the framework of the existing institution, the actors can not obtain the potential profits.At the same time,the lack of relevant institutional arrangements makes 'limited property house' have a large number of transaction costs.So the development of the 'limited property house' needs new institution arrangements.The chapterⅥwill analyze the new institution arrangements' principle and specific content which will internalize externalities.The article will also analyze how to prevent the path from being locked in the process of the institutional change.