The Economic Postulates of Asset Valuation Practice
Sorin V. Stan
The Valuation Journal, 2014, vol. 9, issue 1, 4-33
This paper is a plea encouraging valuers to appropriate apply some of the general economic principles finding their particular reflection in the specifics of asset valuation practice. In the author's view, the widely spread phrase that "valuation is more of an art than science" could result in a low appetite among professional valuers to internalize and apply economic principles appropriate. The author hopes to convince his readers otherwise, once they have followed the considerations of this material, namely that another assertion would be more appropriate, such as "valuation is an applied field of the postulates of general economic judgement, as required by the specifics of such a field". Such a assertion also helps reiterating an undeniable statement, i.e. valuation is indeed part and parcel section of economics and it relies on the judgement and principles of economics.
JEL-codes: G32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:9:y:2014:i:1:p:4-33
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