Resources Science ›› 2021, Vol. 43 ›› Issue (7): 1428-1439.doi: 10.18402/resci.2021.07.12

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Rural homestead value reconstruction and withdrawal compensation pricing based on marginal opportunity cost

ZHOU Yajuan1(), LIN Aiwen1(), ZHANG Ershen2   

  1. 1. School of Resource and Environment Sciences / Key Laboratory of Geographic Information System, Wuhan University, Wuhan 430079, China
    2. College of Environment and Planning, Henan University, Kaifeng 475004, China
  • Received:2021-04-19 Revised:2021-07-27 Online:2021-07-25 Published:2021-08-27
  • Contact: LIN Aiwen


In the process of urbanization, the population loss in rural areas is serious, and a large number of homesteads are left unused. Reasonably reconstructing the complete value of homesteads and formulating an exit compensation pricing mechanism have become an inevitable measure to reuse rural residential land and promote rural revitalization. In this study, on the basis of examining the relationship between the property rights of homesteads in China, the types of homestead withdrawal were clarified. Based on the theory of marginal opportunity cost, the value evaluation system consisting of value cognition of homesteads-marginal opportunity cost analysis-complete value reconstruction was constructed from the perspective of the cost of homestead withdrawal. The results of the research are as follows: (1) The value of rural homestead is composed of its own value, development value, equity value, and intergenerational value. The part of the value lost when the homestead is withdrawn is the cost of loss of farmers; (2) Use cost losses to measure the value of homesteads, use marginal production costs to measure the development value of homesteads, use marginal user costs to measure the value of homesteads themselves, and use marginal externality costs to measure the value of homestead equity and intergenerational values; (3) Different types of homesteads have different values at the time of exit, and corresponding compensation should be made according to the cost loss in the exit compensation; (4) The marginal production cost of homestead and the loss of marginal user cost are mostly compensated by monetary means, and the marginal externality cost is compensated by monetary means combined with non-monetary means. Based on the results, a new mechanism of homestead pricing is explored, and relevant policy recommendations for homestead withdrawal compensation are put forward to provide a theoretical basis for the improvement of the rural homestead withdrawal system.

Key words: rural homestead, homestead withdrawal, marginal opportunity cost, value reconstruction, homestead pricing, withdrawal compensation