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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

  • Book
  • © 1993

Overview

Authors:
  1. A. Lawrence Kolbe

    1. The Brattle Group, USA

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  2. William B. Tye

    1. The Brattle Group, USA

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  3. Stewart C. Myers

    1. Sloan School of Management, Massachusetts Institute of Technology and The Brattle Group, USA

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Part of the book series: Topics in Regulatory Economics and Policy (TREP, volume 14)

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Table of contents (9 chapters)

  1. Front Matter

    Pages ii-xv
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  2. Introduction

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 1-7

  3. The Theory of Regulatory Risk

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 9-64

  4. Regulatory Risk: Objections to the Theory

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 65-114

  5. Sources of Asymmetric Risk in Regulated Industries

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 115-136

  6. Risk of the Interstate Natural Gas Pipeline Industry: Summary

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 137-156

  7. Recent Trends in the Interstate Gas Pipeline Industry

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 157-196

  8. Two Views of Pipeline Risk

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 197-221

  9. Risk Analysis for Natural Gas Pipelines

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 223-280

  10. Two Fundamental Questions

    • A. Lawrence Kolbe, William B. Tye, Stewart C. Myers
    Pages 281-292

  11. Back Matter

    Pages 327-345
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Keywords

About this book

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.

Authors and Affiliations

  • The Brattle Group, USA

    A. Lawrence Kolbe, William B. Tye

  • Sloan School of Management, Massachusetts Institute of Technology and The Brattle Group, USA

    Stewart C. Myers

Bibliographic Information

  • Book Title: Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries

  • Authors: A. Lawrence Kolbe, William B. Tye, Stewart C. Myers

  • Series Title: Topics in Regulatory Economics and Policy

  • DOI: https://doi.org/10.1007/978-1-4615-3234-7

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1993

  • Hardcover ISBN: 978-0-7923-9330-6Published: 30 April 1993

  • Softcover ISBN: 978-1-4613-6421-4Published: 30 September 2012

  • eBook ISBN: 978-1-4615-3234-7Published: 06 December 2012

  • Series ISSN: 2730-7468

  • Series E-ISSN: 2730-7476

  • Edition Number: 1

  • Number of Pages: XV, 345

  • Topics: Industrial Organization, Environmental Management, Finance, general

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