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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Topics in Regulatory Economics and Policy, 14) - Hardcover

 
9780792393306: Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Topics in Regulatory Economics and Policy, 14)

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It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

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9781461364214: Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries: Economic Principles and Applications to Natural ... (Topics in Regulatory Economics and Policy)

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Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.
Published by Springer, 1993
ISBN 10: 0792393309 ISBN 13: 9780792393306
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A. Lawrence Kolbe, Stewart C. Myers, William B. Tye
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ISBN 10: 0792393309 ISBN 13: 9780792393306
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Hardcover. Condition: new. Hardcover. It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not "used and useful". However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780792393306

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Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.
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Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries. 364 pp. Englisch. Seller Inventory # 9780792393306

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