Dissertation
Dissertation > Economic > Economics > Branch of science in Economics > Economics of Information

The network economic value assessment

Author ZhangTing
Tutor WuJin
School Zhejiang University
Course International trade
Keywords Valuation Network economy Discounted cash flow model Option Pricing Model
CLC F062.5
Type Master's thesis
Year 2001
Downloads 161
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Unique law in the Internet economy , such as Metcalfe's theorem , increasing marginal utility and marginal cost principle of diminishing the role of the principle of positive feedback , the network showed a new business model and growth mode and generates a unique value formation and implementation . In this case , the concepts and methods of valuation in the network economy must do the corresponding development : as important determinants assessed value and short-term operating results should be the company's high-growth and high future income instead of the risk and not uncertainty also should be considered as an important factor for proper treatment . In recent years, a large number of network economic valuation method to explore in these two areas more or less the contribution , especially for the correction of the discounted cash flow method , so the original can not be applied to the uncertainty valuation The method re Hwan vitality . Summarizes the strengths and weaknesses of the existing network of economic valuation methods , the paper proposes the use of option pricing theory ( Black-Scholes model ) method to assess the economic value of the network , and this method is demonstrated on the basis of the analysis and examples of effective and practicality.

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