Fixed price contract model of pre-sale housings
商品房预售的固定价格合同模型

According to the anafysis framework of contract theory,this paper analyzed the house pre-sale contract with fixed price that is more common in Chinese real estate market.First of all,we studied the house prosaic contract model without financing involved and found that incentive exists in the fixed price contract,but developers fail to undertake the matching risk while sharing output of the contract,which leads to insufficient incentive effect of fixed price contract:Secondly,we established the general house...