Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Author:   A. Lawrence Kolbe ,  William B. Tye ,  Stewart C. Myers
Publisher:   Kluwer Academic Publishers
Edition:   1993 ed.
Volume:   14
ISBN:  

9780792393306


Pages:   345
Publication Date:   30 April 1993
Format:   Hardback
Availability:   In Print   Availability explained
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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries


Overview

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.

Full Product Details

Author:   A. Lawrence Kolbe ,  William B. Tye ,  Stewart C. Myers
Publisher:   Kluwer Academic Publishers
Imprint:   Kluwer Academic Publishers
Edition:   1993 ed.
Volume:   14
Dimensions:   Width: 15.50cm , Height: 2.00cm , Length: 23.50cm
Weight:   1.520kg
ISBN:  

9780792393306


ISBN 10:   0792393309
Pages:   345
Publication Date:   30 April 1993
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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