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Дивиденды Признаны Расходами
[Dividends are Declared to be Expences]

Author

Listed:
  • Erzinkian, Elmira

Abstract

This article comments on the resolution of the government of Russian Federation № 520 of July 14, 2008 ”On the principles of price formation and order of tariffs, surplus and limit indexes in utilities sector.” This resolution makes it possible to establish tariffs that are much higher than those that are formed by free market. Even future dividends can be included in the expenses, that are to be paid by customers.

Suggested Citation

  • Erzinkian, Elmira, 2008. "Дивиденды Признаны Расходами
    [Dividends are Declared to be Expences]
    ," MPRA Paper 21088, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21088
    as

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    File URL: https://mpra.ub.uni-muenchen.de/21088/1/MPRA_paper_21088.pdf
    File Function: original version
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    References listed on IDEAS

    as
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    3. Reiswich, Dimitri & Wystup, Uwe, 2009. "FX volatility smile construction," CPQF Working Paper Series 20, Frankfurt School of Finance and Management, Centre for Practical Quantitative Finance (CPQF).
    4. Merton, Robert C., 1976. "Option pricing when underlying stock returns are discontinuous," Journal of Financial Economics, Elsevier, vol. 3(1-2), pages 125-144.
    5. Robert C. Merton, 2005. "Theory of rational option pricing," World Scientific Book Chapters,in: Theory Of Valuation, chapter 8, pages 229-288 World Scientific Publishing Co. Pte. Ltd..
    6. Carr, Peter & Wu, Liuren, 2007. "Stochastic skew in currency options," Journal of Financial Economics, Elsevier, vol. 86(1), pages 213-247, October.
    7. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    8. Simon H. Babbs & Michael J. P. Selby, 1998. "Pricing by Arbitrage Under Arbitrary Information," Mathematical Finance, Wiley Blackwell, vol. 8(2), pages 163-168.
    9. Carey, Alexander, 2005. "Higher-order volatility," MPRA Paper 4993, University Library of Munich, Germany.
    10. Carey, Alexander, 2006. "Higher-order volatility: dynamics and sensitivities," MPRA Paper 5009, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    utilities; price regulation; financial requirements; dividends; reform;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform

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