The decision - making flexibilities implied in the exclusive publishing rights are depicted as the options to defer investments . a stochastic process of returns is constructed . the implicate solution to the price of the exclusive publishing rights is established after the dynamic duplication and the settlement of black - scholes equation ( 2 )在知识产权贸易领域引入实物期权思想，把专有出版权蕴涵的决策柔性刻画成等待投资型期权，并构造收益的随机过程，经过动态复制和大连理工大学博士学位论文求解black scholes方程后得到专有出版权价格的隐式解，再运用迭代法求取相应的数值解。
