Risk, price regulation, and irreversible investment
نویسندگان
چکیده
منابع مشابه
Risk, price regulation, and irreversible investment
We show that regulators’ price-setting, rate base, and allowed rate of return decisions are inextricably linked. Once regulators switch from traditional rate of return regulation, the irreversibility of much infrastructure investment significantly alters the results of the usual approach to price-setting, as exemplified by Marshall, Yawitz and Greenberg (1981). In particular, the practice of ‘o...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2005
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2004.11.005