Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Paperback, Softcover reprint of the original 1st ed. 1993)

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.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	Topics in Regulatory Economics and Policy, 14
Release date:	September 2012
First published:	1993
Authors:	A.Lawrence Kolbe • William B. Tye • Stewart C. Myers
Dimensions:	235 x 155 x 19mm (L x W x T)
Format:	Paperback
Pages:	345
Edition:	Softcover reprint of the original 1st ed. 1993
ISBN-13:	978-1-4613-6421-4
Categories:	Books > Business & Economics > Economics > General Books > Earth & environment > The environment > Management of land & natural resources Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Books > Money & Finance > General
LSN:	1-4613-6421-3
Barcode:	9781461364214

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