2)The meanings of Bid-ask speed in Chinese has been changed,didn't reflect the real trade cost , only reflect the possible trade cost , contained desire of price popple , dinn't belong absolute liquidity again;
The absence of ownership of Chinese state-owned enterprises, coupled with the misalignment of the values and objective of the owner and those of the management, has for a long time been causing the increase of real transaction cost of the agency contract.
Based on the real transaction data from market of individual loans in Beijing in 2001, a bi-Logit selective model is used to quantitatively analyze the influence of economic factors, borrowers' identities and property of individual credit products on selective behavior of credit period and credit-to-value ratio.
Methods of GIS, statistical and econometric were employed with the actual transaction data of land price in Kunming from 2001-2005. The results indicate that land price decreases from city center to outskirt along with obvious spatial variability.