Rate of Return Regulation and the Valuation Basis of Rate Base: the AJ Effect, the Intertemporal Rate Base Effect, and the Book-Valuation Effect

We 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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Year of publication:	1996
Authors:	Kidokoro, Y.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	INDUSTRIAL POLICY \| REGULATION

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Series:	Osaka - Institute of Social and Economic Research.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	L5 - Regulation and Industrial Policy ; L9 - Industry Studies: Transportation and Utilities ; R4 - Transportation Systems ; R14 - Land Use Patterns
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005670095