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: 21575560
Price: 413.99 AUD
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Format:

Paperback / softback

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 Australia

September 30th, 2012

Author

Audience

Professional & Vocational

Edition

Softcover reprint of the original 1st ed. 1993

Illustrations

XV, 345 p.

Pages

345

Series

Topics in Regulatory Economics and Policy

Dimensions

155x235x19

ISBN-13

9781461364214

Product ID

21575560

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