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A special focus has been given to the European countries of France, Germany and Portugal, because these were the object of a relatively detailed and extensive survey of case-studies addressing valuation of agriculture-related NCOs (non-commodity outputs), undertaken in the MULTAGRI project.
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But the duty fails to address why valuations in China have become unhinged.
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In contrast, Albanese et al. (2017), Albanese and Crépey (2017), and Crépey et al. (2017) propose to address the issue of valuation adjustments through an alternative approach, which is based on the global valuation paradigm referencing to the balance sheet of the bank, its internal structure, and long-term interests of bank's shareholders.
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This study not only addresses the lack of valuation estimates on this island but also demonstrates the importance of using estimation methods that account for individual-specific differences in WTP estimates.
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