The definition of market value: Criteria for judging proposed definitions and an analysis of three controversial components
Lind, H.
The definition of market value: Criteria for judging proposed definitions and an analysis of three controversial components - 1998 - Journal of Property Valuation and Investment 16(2) 1998, 159-174(16) .
Discusses the criteria for judging whether a proposed definition of market value is satisfactory or not. Considers the application of criteria relating to clearness of definition, measurability of the concept, and relevance of concept. Examines whether the definition should includes the condition that the parties act prudently or knowledgeably, conditions relating to willingness of buyer and seller and, should it refer to probable price, best price or average price. References.
BEST PRICE
DEFINITIONS
MARKET VALUE
PROBABLE PRICE
PRUDENT
RELEVANCE
WILLINGNESS OF BUYER
WILLINGNESS OF SELLER
The definition of market value: Criteria for judging proposed definitions and an analysis of three controversial components - 1998 - Journal of Property Valuation and Investment 16(2) 1998, 159-174(16) .
Discusses the criteria for judging whether a proposed definition of market value is satisfactory or not. Considers the application of criteria relating to clearness of definition, measurability of the concept, and relevance of concept. Examines whether the definition should includes the condition that the parties act prudently or knowledgeably, conditions relating to willingness of buyer and seller and, should it refer to probable price, best price or average price. References.
BEST PRICE
DEFINITIONS
MARKET VALUE
PROBABLE PRICE
PRUDENT
RELEVANCE
WILLINGNESS OF BUYER
WILLINGNESS OF SELLER