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Chen, Y.P. and Wu, F.-P. (2010) Analysis on Conflicts of Initial Water Rights Allocation Based on Evolutionary Game. China Population, Resources and Environment, 20, 48-57.

has been cited by the following article:

• TITLE: Research on the Protection of Vulnerable Groups in Water Pollution Conflicts Based on Binomial Tree Pricing Model

  AUTHORS: Yanping Chen, Tiejun Cheng, Fengping Wu

  KEYWORDS: Vulnerable Groups, Water Pollution Conflicts, Emission Trading, American Put Option, Binomial Tree Option Pricing Model

  JOURNAL NAME: Journal of Water Resource and Protection, Vol.7 No.8, June 30, 2015

  ABSTRACT: The interests of vulnerable groups can’t be guaranteed due to their weaker capacity and the limited interests demand channels during the water pollution conflicts. The interest protection for the vulnerable people in the water pollution conflicts has attracted attentions of the international scholars. The paper tries to construct the market mechanism which can make the vulnerable people to involve in the emission trading. The vulnerable people can buy American put option in the emission trading market. When the price of the emission runs below the contract price, the vulnerable people can get the benefit through executing the option. When the price of the emission runs above the contract price, the vulnerable people can give up the right. The binomial tree option pricing model can help the vulnerable people to make a decision through the analysis of the worth of the American put option.