Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Topics in Regulatory Econom,Used

Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries (Topics in Regulatory Econom,Used

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SKU: SONG0792393309
UPC: 9780792393306
Brand: Springer
Condition: Used
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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 downwardbiased 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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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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