株式会社極東書店トップ商品一覧Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries. Softcover reprint of the original 1st ed. 1993

商品詳細

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries. Softcover reprint of the original 1st ed. 1993

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries. Softcover reprint of the original 1st ed. 1993

・ISBN 978-1-4613-6421-4 paper EUR 149.99

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お気に入り
著者・編者Kolbe, A. Lawrence / Tye, William B. / Myers, Stewart C.,
シリーズ (Topics in Regulatory Economics and Policy)
出版社 (Springer-Verlag New York Inc., US)
出版年月2012
ページ数345 pp.
言語ENG
ニュース番号<A04-83127>

解説

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.