The mathematical programming technique Data Envelopment Analysis is used to test the hypothesis of Averch and Johnson that utility regulation leads to overuse of capital. The regulated firm earns a return s greater than its cost of capital r, an implicit capital subsidy resulting in allocative inefficiency. Technical and Allocative inefficiency are based on Cost and Production Frontiers from 33...

An important feature of heat exchanger network design is the energy-capital tradeoff. This tradeoff has been regarded as complex due to the number of structural network alternatives usually available, each being subject to continuous optimization. Current procedures tend to first identify minimum energy networks. The total cost (capital and energy) can then be improved by evolution and continuo...

Previous work was done to create a baseline capital cost model for the SFR in which case studies were performed to identify ways to decrease the capital costs while maintaining safety and performance. This thesis expands on the capital cost model to include uncertainty analysis, as well as performing qualitative cost evaluations for the fuel cycle and O&M costs. An uncertainty model was develop...

A financial friction is a wedge between the return received by providers of financial capital—ultimately, consumers—and the cost of capital paid by businesses and consumers who use capital. I study two frictions. One raises the rental cost of capital to firms and the other raises the rental cost of housing and durable goods to consumers. My focus is on the effects of financial frictions—I take ...

The Basel II Capital Accord requires banks to determine the capital charge to account for operational losses. Compound Poisson process with Lognormal losses is suggested for this purpose. The paper examines the impact of possibly censored and/or truncated data on the estimation of loss distributions. A procedure on consistent estimation of the severity and frequency distributions based on incom...

the main aim goal of this paper is estimating time series of social capital in iran. for this aim, first we have reviewed theoretical and empirical literature of social capital, and then we used fuzzy method for estimating time series of social capital. we used latent variable, because social capital is a qualify variable. crime and participation indexes are two related variables with social ca...

This paper considers the impact of Regulation Fair Disclosure (FD) on firms’ information environments and costs of capital. For NYSE/Amex firms we find little evidence of a change in the cost of capital attributable to Regulation FD. For Nasdaq firms we find that Regulation FD increased firms’ costs of capital by 10–19 basis points per annum though the statistical significance of this change is...

The paper contributes to techno-economic modelling of CO2 capture process in coalfired power plants. Technological options of CO2 capture have been chosen and cost estimation relationships (CERs) for the chosen options provided. The CERs are being fitted into a developed overall model of carbon capture and sequestration. Functions relating capital costs, operation and maintenance costs and tota...