Analysis on the effects of mineral title market

Before the system of mineral title possession paid established, local governments had spent considerably amount of labor, material, money supervising "three rates index", but its effects were nearly indivisible and the price of mineral products was seriously transformed as well. It is shown that the competitive system of mineral title market is an effective self-enforcing system which it can improve initiatively "three rates index" and make the price of mineral products more reasonable than before with the game theory.