Re: 'Waterhole' and land rents

On Fri, 19 Jan 2007 02:24:43 GMT, Dan in Philly in sci.econ
confessed to the world saying:
""Peter Bjrn Perls"" wrote in message ...

Isn't the guy's knowledge also considered capital?

Sure, I'm just wondering how you value it...

I think you mean how it's measured/valued in the context
of LVT.

Clearly the valuation of that knowleddge capital is just
going to be the discounted value of the net income
stream.

I'd also flip this around and ask what contribution that
inital knowledge/skill made to the following increases in
the land values surounding the new well.

jmh
.

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