The price of space: the convergence of value in use and value in exchange

This paper discusses concepts of value from the point of view of the user of the space and the counter view of the provider of the same. Land and property are factors of production. The value of the land flows from the use to which it is put, and that in turn, is dependent upon the demand (and supply) for the product or service that is produced/provided from that space. If there is a high demand for the product (at a fixed level of supply), the price will increase and the economic rent for the land/property will increase accordingly. This is the underlying paradigm of Ricardian rent theory where the supply of land is fixed and a single good is produced. In such a case the rent of land is wholly an economic rent. Economic theory generally distinguishes between two kinds of price, price of production or “value in use” (as determined by the labour theory of value), and market price or “value in exchange” (as determined by supply and demand). It is based on a coherent and consistent theory of value and price. Effectively the distinction is between what space is ‘worth’ to an individual and that space’s price of exchange in the market place. In a perfect market where any individual has access to the same information as all others in the market, price and worth should coincide. However in a market where access to information is not uniform, and where different uses compete for the same space, it is more likely that the two figures will diverge. This paper argues that the traditional reliance of valuers to use methods of comparison to determine “price” has led to an artificial divergence of “value in use” and “value in exchange”, but now such comparison are becoming more difficult due to the diversity of lettings in the market place, there will be a requirement to return to fundamentals and pay heed to the thought process of the user in assessing the worth of the space to be let.

Modifying Fences to Prevent Ungulate Use of Cropland and High-Value Pastures

Big game can damage crops and compete with livestock for valuable forage. Ranchers have reported their tolerance for big game would increase if the animals could be prevented from using key areas critical for spring livestock use. Likewise, some farmers have high value areas that must be protected. Fences provide the most consistent long term control compared to other deterrent methods, but are costly to erect. Many designs of woven wire and electric fences are currently used. Costs of erecting deer proof fencing could be greatly reduced if an existing fence could be modified instead of being replaced entirely. This study investigates the possibility of modifying existing fences to prohibit deer and elk crossings. Preliminary results indicate effective modifications can be made to existing fences for $1300- $3500 per mile for materials. Traditional complete construction of game fences cost more than $10,000 per mile. These fences may be used in lieu of compensation programs for ranchers. Also, if farmers and ranchers can keep big game out of important foraging areas, their tolerance for these animals on the rest of their property may greatly increase.

Adriaan Rademaker, Sophrosyne and the Rhetoric of Self-Restraint. Polysemy and Persuasive Use an Ancient Greek Value Term

Fil: Saravia de Grossi, María Inés. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.

Adriaan Rademaker, Sophrosyne and the Rhetoric of Self-Restraint. Polysemy and Persuasive Use an Ancient Greek Value Term

Fil: Saravia de Grossi, María Inés. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.

Educating by story-telling; showing the value of story-telling as an educational tool for the use of all workers with children,

"Complete bibliography": p. 373-387.

Lime: its use and value in the industrial and chemical processes.

Mode of access: Internet.

Use of the singular value decomposition to increase execution and storage efficiency of the Manteuffel algorithm for the solution of nonsymmetric linear systems /

Bibliography: p. 17-18.

Edible fish-meal; its composition and value with instructions for its use in feeding cattle, swine, sheep, and poultry,

Mode of access: Internet.

The manuale clericorum; a guide for the reverent and decent celebration of divine service, the holy sacraments and other offices according to the rites, ceremonies and ancient use of the United Church of England and Ireland. Abridged from the "Directorium Anglicanum." With additions of special value in the practical rendering of the services of the church.

Mode of access: Internet.

The use and value of a geodetic reference system /

Mode of access: Internet.

Carlsbad : clinical studies on the modes of action, indications for the use and curative value of its mineral springs ... /

"Eisner-Mendelson Company, New York ... sole agents for the Carlsbad Springs and Products" -- inside back cover.

The sport fishing resource of the national forests : its extent, recreational use, and value /

Includes bibliographical references.