Format:
1 Online-Ressource (XV, 345 p)
Edition:
1st ed. 1993
ISBN:
9781461532347
Series Statement:
Topics in Regulatory Economics and Policy 14
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9781461364214
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780792393306
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9781461532354
Language:
English
Subjects:
Economics
Keywords:
USA
;
Gaswirtschaft
;
Wirtschaftspolitik
DOI:
10.1007/978-1-4615-3234-7
URL:
Volltext
(URL des Erstveröffentlichers)
