Firms engage in NME in order to discount nominal prices which remain well above market-clearing levels. The mechanisms which prevent a convergence between formal and actual transaction values include asset valuation rules, depreciation schedules, tax regulations and an inadequate bankruptcy mechanism.

2004 ◽  
pp. 388-409
Keyword(s):  
Asset Valuation ◽  
Market Clearing

Improving Asset Valuation

2001 ◽  
Author(s):  
Nipun Agarwal
Keyword(s):  
Asset Valuation

Political Uncertainty and Asset Valuation: Housing Prices in Hong Kong

2020 ◽  
Author(s):  
Zhiguo He ◽  
Maggie Hu ◽  
Zhenping Wang ◽  
Vincent Yao
Keyword(s):  
Hong Kong ◽  
Housing Prices ◽  
Asset Valuation ◽  
Political Uncertainty

Assessing the impacts of energy storage on the electricity market‐clearing algorithms

2021 ◽  
Author(s):  
Nikolaos E. Koltsaklis ◽  
Ioannis P. Panapakidis ◽  
Georgios C. Christoforidis
Keyword(s):  
Energy Storage ◽  
Electricity Market ◽  
Market Clearing

Market Clearing–based Dynamic Multi-agent Task Allocation

2020 ◽  
Vol 11 (1) ◽  
pp. 1-25
Author(s):  
Sofia Amador Nelke ◽  
Steven Okamoto ◽  
Roie Zivan
Keyword(s):  
Task Allocation ◽  
Market Clearing ◽  
Multi Agent

Flexible block offers and a three-stage market clearing method for distribution-level electricity markets with grid limits

2021 ◽  
Vol 130 ◽  
pp. 106985
Author(s):  
Shaojun Huang ◽  
Yuming Zhao ◽  
Konstantin Filonenko ◽  
Yun Wang ◽  
Tianlong Xiong ◽  
...  
Keyword(s):  
Electricity Markets ◽  
Market Clearing ◽  
Clearing Method

Capturing Effects of Maintenance Practices in Highway Asset Valuation: Replacement-Cost Approach Versus Book-Value Method

2003 ◽  
Vol 1824 (1) ◽  
pp. 57-65 ◽  
Author(s):  
Poovadol Sirirangsi ◽  
Adjo Amekudzi ◽  
Pannapa Herabat
Keyword(s):  
Pavement Management ◽  
Added Value ◽  
Replacement Cost ◽  
Asset Valuation ◽  
Book Value ◽  
Cost Approach ◽  
Trade Offs ◽  
Study Results ◽  
Asset Value ◽  
The Impact

The replacement-cost approach and the book-value method as decision support tools for selecting maintenance alternatives under budget constraints and for capturing the effects of maintenance practices on highway asset value are investigated. By using a case study based on the Thailand Pavement Management System, the replacement-cost approach and the book-value method are applied to analyze maintenance alternatives for selected highways. The versatility of these asset-valuation methods is explored for capturing trade-offs in the type and timing of maintenance and for incorporating the added value of effective maintenance practices and the impact of deferred maintenance in the overall asset value. The study demonstrated that the replacement-cost approach is a more versatile tool for considering the maintenance-related value of highways in maintenance decision making, whereas the book value may be a simpler financial accounting tool. The two approaches may be used together to clarify how maintenance expenditures are being translated into facility replacement value or how the overall value of the infrastructure is being preserved. The study results are potentially useful to agencies interested in capturing the added value of effective maintenance practices in the overall value of their asset base.

Market efficiency and investors' adjustments to asset valuation errors

1986 ◽  
Vol 18 (8) ◽  
pp. 837-850
Author(s):  
J. Louis Heck
Keyword(s):  
Market Efficiency ◽  
Asset Valuation
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