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Cover Art
Author Kolbe, A. Lawrence.

Title Regulatory risk : economic principles and applications to natural gas pipelines and other industries / A. Lawrence Kolbe and William B. Tye, Stewart C. Myers.

Published Boston : Kluwer Academic Publishers, [1993]


Location Call No. Status
 UniM Bund  388.560973 KOLB {Bund81 20190820}    AVAILABLE
Physical description xiv, 345 pages : illustrations ; 23 cm.
Series Topics in regulatory economics and policy series ; 14.
Topics in regulatory economics and policy ; 14.
Bibliography Includes bibliographical references (pages [327]-339) and index.
Summary 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.
Other author Tye, W. B. (William B.)
Myers, Stewart C.
Subject Gas industry -- Government policy -- United States.
Gas pipelines -- Government policy -- United States.
Gas companies -- Rates -- Government policy -- United States.
Public utilities -- Rates -- Law and legislation -- United States.
Public utilities -- United States -- Rate of return.
ISBN 0792393309 (alk. paper)