Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries: 14 (Topics in Regulatory Economics and Policy)

by Stewart C. Myers (Author), A. Lawrence Kolbe (Author), William B. Tye (Author)

• New

  Illustrated
  1993

  $227.77

  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.