Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

A. Lawrence Kolbe

ISBN 10: 0792393309 / ISBN 13: 9780792393306

Published by Springer US Apr 1993, 1993

About this Item

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

Bibliographic Details

• Title: Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
• Publisher: Springer US Apr 1993
• Publication Date: 1993
• Language: English
• ISBN 10: 0792393309
• ISBN 13: 9780792393306
• Binding: Buch
• Condition: Neu
• Dimensions: 241W x 160H x 25D millimeters 241 millimeters width by 160 millimeters height by 25 millimeters depth
• Weight: 711 grams

About this title

Synopsis

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.