Discuss on the Application of Option Pricing Law in Urban Land Pricing

摘要：

After growth of 20 years, urban land use system consummates gradually in China, and the land market is mature day after day, but it still has some questions such as excessively high price of the land to be sold, irregular of transfer procedure, accumulation of idle land by the developer and so on. This article establishes urban land options pricing model to determine the theoretical price of the land options based on the Black-Scholes option pricing model, and provides the reference for the base price of land options and the formation of market price.

关键词： option pricing land options land use right

作者: WANG Ling WANG Jianjun WANG Fei

作者单位: School of Management, Harbin Institute of Technology,Harbin, China 150001 Department of Construction and Real Estate, Harbin Institute of Technology, Harbin, China 150001

会议类型: 国际会议

会议名称: 2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)

会议地点: 北京

会议语种:英文

页码: 1168-1170

在线出版日期: 2009-11-05（万方平台首次上网日期，不代表论文的发表时间）