A Comparative Study Of Asymmetric Information Models Among Different Participants In The Real Estate Market

The real estate market is an intricate and diversified market with many participants.It is different from the simple second-hand car market where there are only economic interest relations of two sides between car-buyers and carsellers.Whether banks,property buyers,estate agents or real estate intermediaries and governments,there must exist a great number of information asymmetry conditions between any two sides,which causes adverse selection and affects the benign development of the real estate market.Thus,it is of great significance to conduct a comparative study of information asymmetry problem among difcerent participants in the real estate market.This paper starts from the perspectives of many participants in the real estate market,and analyses the information asymmetry conditions among different participants in the real estate market through pairwise comparisons.This paper discusses the different degrees of mastery of the information among these participants respectively,and specific problems that principal-agent relationships among participants and information asymmetry may brings about.And this paper also sets a specific information asymmetry model respectively to conduct a comparative study,and analyses the serious damages that adverse selection problems bring to the real estate market,and provides theoretical basis for improving and standadizing the relevant policies and regulations of the real estate market.At last,this paper puts forward some corresponding suggestions for alleviating the impacts that information asymmetry brings to the real estate market.