Hägg, Claes - In: Jahrbücher für Nationalökonomie und Statistik 213 (1994) 6, pp. 719-723
Summary The value of a commercial property to its owner is assumed to be equal to the discounted present value of the expected net operating income of coming years. The riskless present value of a property is defined as the present value of perfectly predicted income figures discounted by a...
