Rate of Return Regulation and the Valuation Basis of Rate Base: the AJ Effect, the Intertemporal Rate Base Effect, and the Book-Valuation Effect
AbstractWe analyse the rate of return (ROR) regulation that is based on the book value of firm's assts, show how the result of it differ from that predicted from the normal Averch-Johnson (AJ) effect, and compare the book-based ROR regulation with the market-based ROR regulation.
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Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0411.
Length: 34 pages
Date of creation: 1996
Date of revision:
INDUSTRIAL POLICY; REGULATION;
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