๐”– Bobbio Scriptorium
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A note on the effect of rate-of-return regulation under uncertainty

โœ Scribed by Kuo-Ping Chang


Publisher
Springer US
Year
1991
Tongue
English
Weight
315 KB
Volume
3
Category
Article
ISSN
0922-680X

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๐Ÿ“œ SIMILAR VOLUMES


An expository note on depreciation and p
โœ Richard Schmalensee ๐Ÿ“‚ Article ๐Ÿ“… 1989 ๐Ÿ› Springer US ๐ŸŒ English โš– 322 KB

This note provides a simple, general proof that if a regulated firm is allowed to earn its actual (nominal) one-period cost of capital on the depreciated original cost of its investments, and if actual earnings equal allowed earnings, then the net present value of all investments is zero for any met