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

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries( )
Author: Kolbe, A. Lawrence
Tye, William B.
Myers, Stewart C.
Series title:Topics in Regulatory Economics and Policy Ser.
ISBN:978-1-4613-6421-4
Publication Date:Sep 2012
Publisher:Springer
Book Format:Paperback
List Price:USD $169.99
Book Description:

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...
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Book Details
Pages:345
Physical Dimensions (W X L X H):6.045 x 9.165 Inches
Book Weight:1.225 Pounds



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