This paper focuses compensation for nuisance facilities siting applying moving strike put options. This option is a right of local residents to sell their land at an appropriate price that corresponds to the land of no nuisance facility in the future. The model to evaluate the value of the option is developed and the value is computed numerically. As a result the value of the option is just 0.6% of the initial land price, and this value is much lower than the difference of the expectation of land value between nuisance siting area and no nuisance area.
権利行使価格変動型プット・オプションによる嫌悪施設立地補償に関する数値実験
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④籠義樹
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