Research on Derivative Pricing Theory in the Development of Contract Agriculture
The core of contract agriculture is the price. Theoretically, futures contract and options contract meet the needs of risk allocation for contract agriculture, whose financial feature is more and more obvious with the fast developing modem financial market. However, the question how to use derivatives pricing theory to guide contract agriculture has hindered the sustained development of it.Based on our research, Spring Oscillator Theory and Option Pricing of Asset with Circle Expected Rate of Return have properly expressed the intrinsic characteristics of agricultural risk, including its financial trait and periodically fluctuating price. We set up an equation to decide the options contract price under certain hypotheses, analyze factors that influence the price and draw a conclusion. This theory is helpful for promoting sustained development of agricultural products circulation mode, such as futures contract,options contract, and futures options contract.
contract agriculture futures contract options contract futures options contract derivative pricing theory
HE Sijiang YAO Zheng
Department of FinanceZhejiang University,P.R.China,310027
国际会议
2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)
河南焦作
英文
312-320
2008-11-01（万方平台首次上网日期，不代表论文的发表时间）