Housing Rental Incentive and Development Empirical Analysis from the Perspective of Financial Decentralization

Table 1

Game matrix between central and local governments.

		Local governments
		Active execution (q)	Negative execution (1 − q)
Central governments	Subsidies (p)	E (L1) − A − C, A − E	E (L2) − A − C, A − P1
	No subsidies (1 − p)	E (L1) − P2, −E	E (L2) − P2, −P1