The Real Option Model of Opportunity Cost in River Basin Ecological Compensation

Jie Zhang; Ji Gan Wang; Yan Ping Chen

doi:10.4028/www.scientific.net/AMR.518-523.261

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 518-523The Real Option Model of Opportunity Cost in River...

The Real Option Model of Opportunity Cost in River Basin Ecological Compensation

Abstract:

One of the key issues of river basin ecological compensation is the compensation standard. The opportunity cost has the character of uncertainty. The character of opportunity cost in river basin ecological compensation standard was studied on base of economics theory. The current opportunity cost accounting method didn’t consider the uncertainty of opportunity cost. The real option model of opportunity cost in river basin ecological compensation was set up based on the binomial expression real-option model. The Xin 'an river basin was applied for the model and tested the feasibility of the real option model.

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Periodical:

Advanced Materials Research (Volumes 518-523)

Pages:

261-265

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.518-523.261

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Online since:

May 2012

Authors:

Jie Zhang, Ji Gan Wang, Yan Ping Chen

Keywords:

Ecological Compensation, Opportunity Cost, Real Option, River Basin

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References

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