基于实物期权定价的农地征收补偿模型研究  

Study on Farmland Expropriation and Compensation Model Based on Real Option Pricing

作　　者：夏刚[1] 任宏[1] 陈磊[1] 

机构地区：[1]重庆大学建设管理与房地产学院,重庆400045

出　　处：《中国土地科学》2008年第6期36-43,共8页China Land Science

基　　金：国家社科基金(06CZZ017)

摘　　要：研究目的:建立农地价值模型,为合理确定农村土地征收补偿费提供理论支撑。研究方法:不确定性下的实物期权定价理论。研究结果:数值分析表明,期权价值占农地价值比例范围在23.7%—76.9%,即当考虑不确定性下的期权价值时,农地价值是确定性下的1.33—4.33倍。研究结论:农村土地征收补偿费取决于农业生产力的发展及经济的不确定性。The purpose of the paper is to set up a farmland valuation model to offer a theoretical support for reasonable determination on compensation for farmland expropriation. Methods of real option pricing and comparative analysis were employed. Results show that numerical simulations reflect that the percentage of option value to farmland value is 23.7%- 76.9%, i.e., farmland value inclusive of the option value under uncertainty is 1.33- 4.33 times than the one under certainty. It is concluded that the compensation for rural land expropriation relies on the uncertainty of agricultural productivity and economic growth.

关 键 词：土地经济 农地价值 实物期权 农地征收补偿 

分 类 号：F323.211[经济管理—产业经济]