This second paper, Market Value: An Established Basis of Value, includes discussions on:
- Price, cost, value and worth
- How do we define what the ‘market’ is and how does this impact on market value?
- What is the market value conceptual framework?
- Is market value backward looking?
- Are the ‘peaks’ and ‘troughs’ truly captured when using a market value premise?
- How does the valuer utilise assumptions and special assumptions with market value?
Please click to access the perspectives paper through the press release on the IVSC website.