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
SKU: 2438320
Price: 454.00 NZD
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Format:

Hardback

Series:

Topics in Regulatory Economics and Policy

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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 of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.

Release date NZ

April 30th, 1993

Author

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational

Illustrations

XV, 345 p.

Pages

345

Series

Topics in Regulatory Economics and Policy

Dimensions

156x234x20

ISBN-13

9780792393306

Product ID

2438320

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