The Setting of Allowed Rates of Return for Public Utilities (Classic Reprint) - Hardcover

Thomadakis, Stavros B.

Hardcover

ISBN 10: 0267554273 ISBN 13: 9780267554270

Verlag: Forgotten Books, 2018

Inhaltsangabe

Excerpt from The Setting of Allowed Rates of Return for Public Utilities

Regulation of public utilities usually involves the setting of maximum overall rates of return which the firms are allowed to earn. These rates are normally applied on some measure of the firm's rate base which is also deter mined by the regulators. Normally the rate base is some variant of the firm's book value.

Through court decisions general standards have devel oped as to the spirit of regulation. The return allowed must be sufficient to attract capital in the market. It must be commensurate to returns enjoyed by firms which face corres ponding risks. The meaning of these general notions to the economist is fairly clear. Returns allowed must somehow reflect the opportunity costs of capital. (2)

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Details zur Ausgabe

• Verlag: Forgotten Books
• Erscheinungsdatum: 2018
• Sprache: Englisch
• ISBN 10: 0267554273
• ISBN 13: 9780267554270
• Einband: Tapa dura
• Anzahl der Seiten: 54
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