Abstract: The key to promoting the separation of the three powers of the homestead was to release the right to use the homestead effectively and to promote the formation of the homestead circulation market. In order to identify the transfer decision of the farmer's homestead use right, this paper chose Wenzhou as the reform pilot zone. Theoretical and empirical analysis was carried out from the perspective of homestead confirmation. The research results showed that the right of homestead had significantly promoted the transfer of the right to use the homestead. Relatively, the homestead with no power was confirmed. On average, the probability of the homestead entering the transfer market after the confirmation of power was 13% higher. The sub-sample test showed that for those sub-samples that agreed that the right of homestead qualification belonged only to the farmers, the confirmation of rights would significantly promote circulation, but for those sub-samples that did not agree that the right to homestead qualification belonged only to the farmers, the confirmation of rights did not significantly promote the role. Further analysis showed that the confirmation of homesteads would make farmers more eager for the state to relax restrictions on the transfer of homesteads. Therefore, the research in this paper clarified that the power certification was conducive to the activation of the homestead circulation market, thus promoting the realization of the “three powers separation” of the homestead.

Key words: confirmation of authority, rural homestead, circulation behavior, Wenzhou experience