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CONSUMPTION VALUE METHOD (FOR STANDING TIMBER VALUATION)

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Definition:
A variant of the stumpage value method. Different prices are used for different ages or diameter classes. The consumption value method measures the value of the stock as if it were all cut now.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 7.265.

Statistical Theme: Environmental statistics

Created on Monday, July 04, 2005

Last updated on Tuesday, April 16, 2013