£121.51

Springer Regulatory Risk - Economic Principles and Applications

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£121.51 £119.87 £120.23 £120.59 £120.94 £121.30 £121.66 25 February 2026 12 March 2026 27 March 2026 11 April 2026 26 April 2026

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Description

Explore the complexities of utility investment and regulatory policy with this academic text from Springer. This book addresses a common assertion in the industry: that utility investors are adequately compensated for the risk of large disallowances through the allowed rate of return. Through a new theory of asymmetric regulatory risk, this work demonstrates how even infallible estimates of the cost of capital can lead to downward-biased estimates of necessary allowed rates of return. This happens specifically when regulatory risks are present. By examining these economic principles, the text provides a framework for understanding the financial realities faced by regulated industries. Readers will find deep insights into recent developments regarding the risk profile of natural gas pipelines and other regulated sectors. This book serves as a vital resource for those studying regulatory economics and policy, offering a technical look at how risk affects the cost of capital and investment stability in utility markets.

Key Features

Introduces a new theory of asymmetric regulatory risk to explain how cost of capital estimates can be biased.

Analyzes the impact of large disallowances on utility investors and the allowed rate of return.

Provides detailed economic principles applied specifically to natural gas pipelines and other regulated industries.

Examines the relationship between investment prudence and the 'used and useful' standard in regulatory environments.

Part of the Topics in Regulatory Economics and Policy series for specialized academic study.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
30 April 1993
Listed Since
15 February 2007

Barcode

No barcode data available

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