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) - Tapa blanda

Kolbe, A. Lawrence Lawrence; Tye, William B.; Myers, Stewart C.

 
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)

Sinopsis

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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Reseña del editor

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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Otras ediciones populares con el mismo título

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

Edición Destacada

ISBN 10:  0792393309 ISBN 13:  9780792393306
Editorial: Springer, 1993
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