Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

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

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

Hardcover

Series: Topics in Regulatory Economics and Policy, Book 14

EconomicsTransportation GeneralEnvironmental Studies

ISBN10: 0792393309
ISBN13: 9780792393306
Publisher: Springer Nature
Published: Apr 30 1993
Pages: 345
Weight: 1.55
Height: 0.97 Width: 6.36 Depth: 9.76
Language: English
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.

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