Capitalization, Valuation of public utilities
This paper discusses the theoretically correct capitalization rate and related issues regarding the income capitalization method as applied to the appraisal of public utilities.
Simonds, Richard R.
"Issues involving the use of direct and yield capitalization in the appraisal of public utilities,"
Assessment Journal: Vol. 4:
2, Article 4.
Available at: https://researchexchange.iaao.org/assessment_journal/vol4/iss2/4