Regulatory Risk: Economic Principles and Applications to...

Main
Engineering
Regulatory Risk: Economic Principles...

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

Name: Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
ISBN: 9781461532347

A. Lawrence Kolbe, William B. Tye, Stewart C. Myers (auth.)

0 / 0

0 comments

你有多喜歡這本書？

文件的質量如何？

下載本書進行質量評估

下載文件的質量如何？

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.

類別:

Engineering

年:

1993

版本:

出版商:

Springer US

語言:

english

頁數:

345

ISBN 10: