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烏魯木齊翻譯公司關(guān)鍵字：faith, but not punishment, still get the additional economic benefits, indicating that our current institutional arrangements conducive to bad faith conduct.According to institutional economics theory, even though real estate development of the main opportunistic behavior can not be completely eradicated, but can be through institution building, relying on both internal and external coercive power to constrain the behavior of market players to increase market players keep their promise and commitments possibilities.(2) from the perspective of information economics reasons for lack of credibility. From the perspective of information economics, information asymmetry is real estate development market, the source of the main promises. Asymmetric information, opportunistic market players tend to be seen, this tendency is divided into before and after the two, known as adverse selection in advance, and afterwards known as moral hazard.In the pre-approval stage, asymmetric information will lead to adverse selection of market players. For example, in approval "construction project planning permit", the construction unit to know not to account for construction area of ??examination and approval department, out of opportunistic motives, false floor space; and construction unit construction area in the past, false behavior, but the administration of This did not know. This is mainly for three reasons. First, real estate development cycle is long, the same cross-unit projects may operate, there is not a project before completion and acceptance, after a project has conducted a pre-approval; two more than the number of real estate development companies, some are specifically for the project development project company set up, the administration's dishonesty is difficult to judge whether the conduct of Company A to Company B should be charged to the head; Third, decentralization of some building approval, city and district levels, the approving authority is difficult to know whether there is a dishonest market players in the past behavior.In the construction phase, asymmetric information will lead to moral hazard behavior of market players, that management is difficult to monitor the actions of market players due to the risk
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