The Study Of Difference On Leaser-Tenant Bargaining Power In Housing Rental Market On Large And Middle Cities Of China

The rapid development of large and medium-sized cities has brought prosperity to our economy and also caused the rapid rise of housing prices.It affects the housing condition of the vulnerable urban income groups.The report of the 19 th CPC National Congress pointed out that we should achieve the goal of living for all people through the development of multi-agent supply,multi-channel guarantee,and the policy of enjoying equal rights either hire or purchase.Existing housing rental relationships in large and medium-sized cities,because of the different bargaining power between the leaser and the tenant,the housing lease contract is more favorable to the leaser.In addition,the formation of the transaction price of housing rents is also constrained by the bargaining power of both parties.The leaser takes advantage of his bargaining power to gain extra revenue.Therefore,it is an important issue to explore the influencing factors of the difference of bargaining power between the two parties in the housing rental market,and to solve the problem of the asymmetry of bargaining power between the two parties in the transaction process.It is of great significance to stabilize the market order and promote the formation of leasing and purchase.Based on this article made the following analysis:(1)Quantitatively measure the difference of leading entities bargaining power in China.Based on the two-tier stochastic frontier model,the paper constructs the conditional expectation expression of the bargaining power effect of the housing rental market.Based on Chinese Household Income Project(1995-2008)and China Family Panel Studies(2014-2016)data,this paper applies the two-tier stochastic frontier model to analyze the difference of leading entities bargaining power in China.Research findings: the leaser has a strong bargaining power in the housing rental transactions.The leaser takes advantage of his bargaining power to gain 7.21% in extra revenue in the transaction.In terms of individual private housing rental transactions,the leaser takes advantage of his bargaining power to gain 8.40% in extra revenue in the transaction.(2)This paper constructs an index system which affects the level of bargaining power of the two parties,and calculates the influence degree of each factor on the explained variable.Through the normative analysis,this paper explores the forming reasons of the difference of bargaining power between the leading entities,and establishes the influencing factors related to the difference of bargaining power between the two parties.Based on the principle of quantile regression,the correlation coefficients between the influencing factors and the difference of bargaining power between the two parties are measured.Research findings: There is a positive correlation between the degree of room source tension in the housing rental market,the degree of quality difference of the leased building,the degree of restriction of the lease to the lessor and the degree of bargaining power of the two parties.The availability of information in the housing rental market,the length of the lease contract and the degree of bargaining power of the leasing parties are negatively correlated.(3)To find out the deep reasons that affect the bargaining power of the market.Put forward corresponding policy Suggestions.Research findings: there is no "formal" trading rule in the housing rental market.The "informal" trading rules agreed by both parties in accordance with the conventional concepts are the important reasons for the widening of the bargaining power of the leaser and tenant.The lack of high-quality information in the housing rental market has become an obstacle to the efficient development of the leasing market.A multi-agent housing rental market helps reduce the cost of leasing transactions.The article suggested:improve the housing leasing market mechanism,establish a government-led housing leasing market information platform,and strengthen leasing effective housing supply and formulation of laws and regulations on the rental market.