Railroad Valuation by the Interstate Commerce Commission
Homer B. Vanderblue
The Quarterly Journal of Economics, 1920, vol. 34, issue 2, 260-299
Abstract:
V. Cost. Facts and estimates, 261. — Commission procedure, 262. — Renewals and costs, 263. — Appreciation, 266. — Original cost determined by appraisal, 269. — Facts and estimates once more, 270. — VI. Intangibles. Commission doctrine, 271. — Franchise value, 272. — Going value and strategic value, 273. — Wisconsin deficit theory, 276. — VII. Final value, 277. — Confiscation and condemnation, 277. — Exchange value, 278. — Capitalization of earnings, 280. — The general rate structure, 283. — The reasonable return as a variable, 284. — The appeal to authority, 288. — Cost of reproduction as a basic fact, 289. — Land once more, 290. — Cost of reproduction and investment, 293. — The rule in Smyth v. Ames, 297. — The Commission and "final value," 298.
Date: 1920
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