Intangibles exhibit zero marginal licensing cost, including cross-border intra-firm licensing of intangibles within a multinational corporation (MNC). An MNC may not realise the full profit potential of licensing intangibles intra-firm, however, under suboptimal negotiated transfer pricing...

That the FMVS's lack of compulsion assumption is synonymous with the Hypothetical Seller's ability and willingness to expose his non-marketable asset, to the Hypothetical Marketplace, for ample and sufficient time, is generally acknowledged. What is not acknowledged, however, is (i.) he, being...

The present value discount rate is about the investor, the expected market rate of return on his best alternative asset (BAA), his opportunity cost of buying a subject asset (not the subject's rate of return, subject owner's/seller's cost of capital, nor the required rate of return on an...

The Fair Market Value Standard (FMVS), an applicable standard of value in several areas of law for appraising non-marketable assets, defines, through its given assumptions, a competitive Hypothetical Marketplace within which FMV determination is confined. Contra conventional assumption that...

A substantive distinction between the Fair Market Value Standard's (FMVS) Hypothetical Marketplace and the real-world marketplace, for inactively-traded assets, must exist, else the court could calculate real-world market value instead of the more onerous abstract, hypothetical Fair Market Value...