Regulatory Risk : Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.
ISBN 10: 1461364213 ISBN 13: 9781461364214
Edité par Springer, 2012
Neuf(s)
Couverture souple
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A propos de cet article
Description :
N° de réf. du vendeur 19850153-n
Synopsis :
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.
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Détails bibliographiques
Titre : Regulatory Risk : Economic Principles and ...
Éditeur : Springer
Date d'édition : 2012
Reliure : Couverture souple
Etat : New
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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Edité par
Springer US, Springer New York Sep 2012, 2012
ISBN 10 : 1461364213
ISBN 13 : 9781461364214
Neuf
Taschenbuch
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Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -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.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 364 pp. Englisch. N° de réf. du vendeur 9781461364214
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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Paperback)
Edité par
Springer-Verlag New York Inc., New York, NY, 2012
ISBN 10 : 1461364213
ISBN 13 : 9781461364214
Neuf
Paperback
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