Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries: 14 - Rilegato

Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.

Rilegato

ISBN 10: 0792393309 ISBN 13: 9780792393306

Casa editrice: Kluwer Academic Pub, 1993

Riassunto

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.

Su questo libro

Contenuti

1. Introduction. 2. The Theory of Regulatory Risk. 3. Regulatory Risk: Objections to the Theory. 4. Sources of Asymmetric Risk in Regulated Industries. 5. Risk of the Interstate Natural Gas Pipeline Industry: Summary. 6. Recent Trends in the Interstate Gas Pipeline Industy. 7. Two Views of Pipeline Risk. 8. Risk Analysis for Natural Gas Pipelines. 9. Two Fundamental Questions. Appendix A: Risks that Affect the Cost of Capital. Appendix B: Summary of Recent History of the Interstate Natural Gas Pipeline Industry. Bibliography. Index.

Product Description

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Dettagli dell'edizione

• Editore: Kluwer Academic Pub
• Data di pubblicazione: 1993
• Lingua: Inglese
• ISBN 10: 0792393309
• ISBN 13: 9780792393306
• Rilegatura: Copertina rigida
• Numero di pagine: 364
• Contatto del produttore: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Germania