Asset Valuation and Access.

The analysis presented in this paper broadly supports the use of historic or original cost asset valuation for access purposes. The arguments in favour of historic cost are impressive. It is administratively simple and transparent. It involves less subjective assessment and guess-work and usually will provide adequate incentives for investment and equivalent operational incentives compared with alternative valuation procedures.

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Year of publication:	1997
Authors:	King, S-P
Institutions:	Research School of Economics, College of Business and Economics
Subject:	INVESTMENTS

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Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	27 pages
Classification:	E22 - Capital; Investment (including Inventories); Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004971372