Effect of Inflation on Evaluation of Forestry Investments
The difference between "real" and "current" prices is discussed. Forestry investment analyses can be considered in either real or current value terms. It does not matter which approach is used, so long as it is consistent, that is, all prices and costs are considered in either real or current value terms. An example of the proper procedure is presented and the implications of not being consistent are discussed.
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Document Type: Journal Article
Affiliations: Associate Professor, College of Forestry and Department of Agricultural and Applied Economics, University of Minnesota, St. Paul
Publication date: 01 September 1975