LISS 2012 pp 1151-1156 | Cite as

The Research of Transaction Costs Between Real Estate Developers and Their Partners

  • Zhenzhen Xie
  • Jingjing Yin
  • Jingjuan Guo
Conference paper


With the continued refinement of the social division of labor, China’s real estate industry is ranging from the “big and complete” to professional development, therefore the real estate developers establish business with a growing number of partners. What are the transaction costs between them, and what factors affect their transaction costs, this is the problem that is worthy of exploring. This paper uses transaction cost theory in the new institutional economics to study the influencing factors and mechanisms of the transaction costs between real estate developers and its partners, and tries to use system dynamics to analysis these factors.


Transaction costs Transaction cost theory System dynamics Feedback loop 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Beijing Jiaotong UniversityBeijingPeople’s Republic of China

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