๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

UNITED KINGDOM AGRICULTURE - NOTE ON GROSS AND NET RATES OF RETURN

โœ Scribed by D. W. Beard; J. S. G. Wilson


Book ID
110980939
Publisher
John Wiley and Sons
Year
1974
Tongue
English
Weight
196 KB
Volume
26
Category
Article
ISSN
0307-3378

No coin nor oath required. For personal study only.


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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