Booktopia has been placed into Voluntary Administration. Orders have been temporarily suspended, whilst the process for the recapitalisation of Booktopia and/or sale of its business is completed, following which services may be re-established. All enquiries from creditors, including customers with outstanding gift cards and orders and placed prior to 3 July 2024, please visit https://www.mcgrathnicol.com/creditors/booktopia-group/
Add free shipping to your order with these great books
Price Regulation and Risk : The Impact of Regulation System Shifts on Risk Components - Michael Hierzenberger

Price Regulation and Risk

The Impact of Regulation System Shifts on Risk Components

By: Michael Hierzenberger

eBook | 18 May 2016

At a Glance

eBook


RRP $84.99

$76.99

or 4 interest-free payments of $19.25 with

Instant Digital Delivery to your Booktopia Reader App

Natural monopolies are not subject to the market-based principle of competition. Consequently, it is necessary to control companies in such monopoly positions with regard to their pricing. In the future, it will become more and more important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the principal-agent problem, the book explains this topic. The effect of a change in the regulation regime is presented in the form of two studies: an international secondary analysis of the effects on cost of equity based on event studies of the Anglo-Saxon area and a primary analysis based on the Austrian regulation policy for electricity and gas supply systems. The two studies arrive at similar results: The change from a rate-of-return regulation to incentive regulation systems leads to a significant increase in systematic risk.

on

More in Tax & Taxation

FairTax: The Truth : Answering the Critics - Neal Boortz

eBOOK

RRP $24.19

$19.99

17%
OFF