The theory of economic value when considering innovation, cost and risk

The concept of value is one that has challenged definition. At a theoretical level value can be defined as getting more than you bargained for (in a positive sense at least). Economists and business analysts will define value as buying something for less than it is worth. Value has to be anchored around price, there is no way it can be separated, but the essential elements of value are only related to price. In some ways they defy easy definition or quantification.


  • English

Media Info

  • Pagination: 9p
  • Monograph Title: Transportation in the pursuit of excellence: Transit NZ and NZIHT 8th Annual Conference, 15-17 October 2006, Waipuna Hotel, Auckland

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Filing Info

  • Accession Number: 01386447
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Aug 22 2012 9:19PM