Risk and Return for Regulated Industries

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  • Publisher : Academic Press
  • Release : 27 April 2017
  • ISBN : 9780128125885
  • Page : 354 pages
  • Rating : 4.5/5 from 103 voters

Risk and Return for Regulated Industries Book PDF summary

Risk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries. Accordingly, the book also includes case studies about various countries and discussions of the lessons international regulatory procedures can offer. Presents a unified treatment of the regulatory principles and practices used to assess the required return on capital Addresses current practices before exploring the ways methods play out in practice, including irregularities, shortcomings, and concerns for the future Focuses on developed economies instead of providing a comprehensive global reviews Foreword by Stewart C. Myers

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Risk and Return for Regulated Industries

Risk and Return for Regulated Industries
  • Author : Bente Villadsen,Michael J. Vilbert,Dan Harris,Lawrence Kolbe
  • Publisher : Academic Press
  • Release Date : 2017-04-27
  • ISBN : 9780128125885
DOWNLOAD BOOKRisk and Return for Regulated Industries

Risk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries.

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
  • Author : A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
  • Publisher : Springer
  • Release Date : 2012-09-30
  • ISBN : 1461364213
DOWNLOAD BOOKRegulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

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

Determining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries

Determining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries
  • Author : Robert G. Bussa
  • Publisher : Unknown
  • Release Date : 1985
  • ISBN : UIUC:30112118484754
DOWNLOAD BOOKDetermining Comparable Firms for Divisional Cost of Capital Analyses in Regulated Industries

Insurance Industry

Insurance Industry
  • Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
  • Publisher : Unknown
  • Release Date : 1968
  • ISBN : MINN:31951D02113137K
DOWNLOAD BOOKInsurance Industry

The Insurance Industry

The Insurance Industry
  • Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
  • Publisher : Unknown
  • Release Date : 1958
  • ISBN : UCAL:B5203625
DOWNLOAD BOOKThe Insurance Industry

The Insurance Industry

The Insurance Industry
  • Author : United States. Congress. Senate. Committee on the Judiciary
  • Publisher : Unknown
  • Release Date : 1959
  • ISBN : SRLF:A0000408559
DOWNLOAD BOOKThe Insurance Industry

The Insurance Industry: Automobile liability insurance

The Insurance Industry: Automobile liability insurance
  • Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
  • Publisher : Unknown
  • Release Date : 1958
  • ISBN : OSU:32437122480599
DOWNLOAD BOOKThe Insurance Industry: Automobile liability insurance

Competitive Problems in the Drug Industry

Competitive Problems in the Drug Industry
  • Author : United States. Congress. Senate. Committee on Small Business. Subcommittee on Monopoly
  • Publisher : Unknown
  • Release Date : 1967
  • ISBN : MSU:31293022246452
DOWNLOAD BOOKCompetitive Problems in the Drug Industry

Competitive problems in the drug industry

Competitive problems in the drug industry
  • Author : United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Monopoly and Anticompetitive Activities
  • Publisher : Unknown
  • Release Date : 1967
  • ISBN : MINN:31951002814603L
DOWNLOAD BOOKCompetitive problems in the drug industry

Federal Register

Federal Register
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 1993-07-27
  • ISBN : UIUC:30112059137718
DOWNLOAD BOOKFederal Register

How the Regulator Overpays Investor? A Simple Exposition of the Principles of Tariff Setting

How the Regulator Overpays Investor? A Simple Exposition of the Principles of Tariff Setting
  • Author : Ignacio Velez-Pareja
  • Publisher : Unknown
  • Release Date : 2007
  • ISBN : OCLC:1290318343
DOWNLOAD BOOKHow the Regulator Overpays Investor? A Simple Exposition of the Principles of Tariff Setting

In this teaching note, we discuss the basic principles for tariff setting. Tariff setting is very important for regulated industries, such as water and power. The tariff should provide an appropriate risk-adjusted return to the investor. If the tariff were too low, then the investors would not be willing to invest. On the other hand, if the tariff were too high, then it would reduce the consumers' welfare.We examine the Rate of Return method for calculating the tariff in

Risk Management in Regulatory Frameworks

Risk Management in Regulatory Frameworks
  • Author : Lorenza Jachia,United Nations,Valentin Nikonov,United Nations. Economic Commission for Europe
  • Publisher : United Nations Publications
  • Release Date : 2013-05-23
  • ISBN : 9211170680
DOWNLOAD BOOKRisk Management in Regulatory Frameworks

Recent years have been marked by many catastrophic events both natural and man-made. Close interconnections mean that the impact of these crises has been felt throughout the world. Although many tools have been developed to manage risks successfully, there can be no doubt that many of the losses we have recently witnessed could have been prevented or minimized, in the context of an effective and well-balanced regulatory system. The goal of this publication is to provide insights and recommendations for

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
  • Author : A. Lawrence Kolbe,William B. Tye,Stewart C. Myers
  • Publisher : Springer Science & Business Media
  • Release Date : 2012-12-06
  • ISBN : 9781461532347
DOWNLOAD BOOKRegulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

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

Price Regulation and Risk

Price Regulation and Risk
  • Author : Michael Hierzenberger
  • Publisher : Springer Science & Business Media
  • Release Date : 2010-08-03
  • ISBN : 9783642120473
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Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the principal-agent problem, the book explains this

Risk Management and Regulation

Risk Management and Regulation
  • Author : Tobias Adrian
  • Publisher : International Monetary Fund
  • Release Date : 2018-08-01
  • ISBN : 9781484343913
DOWNLOAD BOOKRisk Management and Regulation

The evolution of risk management has resulted from the interplay of financial crises, risk management practices, and regulatory actions. In the 1970s, research lay the intellectual foundations for the risk management practices that were systematically implemented in the 1980s as bond trading revolutionized Wall Street. Quants developed dynamic hedging, Value-at-Risk, and credit risk models based on the insights of financial economics. In parallel, the Basel I framework created a level playing field among banks across countries. Following the 1987 stock market