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Regulatory Risk
Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.
€ 194.17
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Description for Regulatory Risk
Hardback. 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. Series: Topics in Regulatory Economics and Policy. Num Pages: 345 pages, biography. BIC Classification: KJU; KN. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 20. Weight in Grams: 686.
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
1993
Publisher
Kluwer Academic Publishers United States
Number of pages
345
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
345
Place of Publication
Dordrecht, Netherlands
ISBN
9780792393306
SKU
V9780792393306
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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