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Asset Valuation and Access

Stephen King ()

CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University

Abstract: 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.

Keywords: INVESTMENTS (search for similar items in EconPapers)
JEL-codes: E22 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:auu:dpaper:365

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