Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Hardcover, 1993 ed.)

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
Country of origin:	Netherlands
Series:	Topics in Regulatory Economics and Policy, 14
Release date:	April 1993
First published:	April 1993
Authors:	A.Lawrence Kolbe • William B. Tye • Stewart C. Myers
Dimensions:	235 x 155 x 20mm (L x W x T)
Format:	Hardcover
Pages:	345
Edition:	1993 ed.
ISBN-13:	978-0-7923-9330-6
Categories:	Books > Business & Economics > Industry & industrial studies > General Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour
LSN:	0-7923-9330-9
Barcode:	9780792393306

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