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Highest and Best Use
- V = value of bundle of rights
- u(i) = present value one use
- so: V = Highest and Best of [u(1) + r(2) + r(3) +...]
This method does not work well because often the same use can be of different value to different buyers depending on their tax status or general financial condition.
Go to Davids Tree.
Copyright 1996, NDLM L.C.
David T. Gray
