Abstract:

One of the key issues of river basin ecological compensation is the compensation standard. The opportunity cost is a problem in compensation standard.The opportunity cost has the character of uncertainty because of the specificity of ecological environment resources and the uncertainty of natural resources.The current opportunity cost accounting method didn’t consider the uncertainty of opportunity cost.The real option theory provided the methods to maximizing the value of project and getting the investment opportunity.The real option model of opportunity cost in river basin ecological compensation was set up based on the binomial expression realoption model.The Xi’anjiang basin example was applied for the model and tested the feasibility of the real option model.〖HJ1〗〖HJ〗