Looks at the philosophy of valuation, explaining the distinction between “worth” and “price”. Attempts to explain traditional techniques of assessing price. Looks at the development of discounted cash flow and its applications in valuations and calculations of worth. Concludes that there must be more openness with clients about valuation risks and issues so that they can make informed judgements.
Peto, R., French, N. and Bowman, G. (1996), "PRACTICE PAPER: Price and worth Developments in valuation methodology", Journal of Property Valuation and Investment, Vol. 14 No. 4, pp. 79-100. https://doi.org/10.1108/14635789610153489Download as .RIS
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