Abstract

Model of real estate regulation policy classification based on Michaelis-Menten equation

Author(s): Shi Kun

Real estate is complex ecosystem with multiple factors related to human society. For a long time, real estate regulation policy in China focuses on statistics rather than classification analysis, less ecotype evaluation. Michaelis-Menten equation is a model used to descrbe enzyme kinetics by relating enzymatic reaction rate to the concentration of a substrate. It was used to analyze the real estate policy, control and regulation by simulation of inhibition mechanism, and classification of competitive, non-competitive, mixed and uncompetitive for distinction. This model would to be a new way and helpful to study policy ecologically of the real estate industry