The Application of Finance Theory to Public Utility Rate Cases

Stewart C. Myers

Bell Journal of Economics, 1972, vol. 3, issue 1, 58-97

Abstract: The purpose of this paper is to formulate the implications of finance theory for rate of return regulation. A variety of problems in finance and the law and economics of regulation are reviewed. Also, a regulatory procedure based on finance theory is proposed for practical use.

Date: 1972
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