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Experimental evaluation of Beijing resale housing information diffusion during information transmission |
| Hong ZHANG,Yang ZHANG,Xuanbing CHEN |
| Department of Construction Management, Tsinghua University, Beijing 100084, China |
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Abstract Housing information diffusion was measured to evaluate housing information transmission in Beijing. The information was measured based on Beijing's resale housing transactions. The results indicate that the degree of information diffusion for resale housing shows that the average variation of the predicted housing price was 15,200 experimental Yuan, of the offering price was 24,100 experimental Yuan and of the trading price was 6,700 experimental Yuan. The results also showed that the housing information diffused into all uninformed traders by the end of the resale housing's residual service life. The direction of the information diffusion varied and its degrees fluctuates, but the fluctuations tended to remain stable.
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| Keywords
housing information
information transmission
information diffusion
resale housing
experimental economics
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Issue Date: 15 May 2014
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2014,
Vol. 54
