Regulatory Risk
Language: English
Published by Springer, 1993
- Hardcover
- New
Seller: Biblios, frankfurt am main, hessen, GermanyBiblios
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Hardcover
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PRINT ON DEMAND pp. 364.
Seller Inventory # 183094050
- Title
- Regulatory Risk
- Author
- Kolbe A. Lawrence Myers Stewart C. Tye William B.
- Publisher
- Springer
- Publication year
- 1993
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0792393309
- ISBN 13
- 9780792393306
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.
"Synopsis" may belong to another edition of this title.
Biblios
frankfurt am main, hessen, Germany
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