rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Price Regulation and Risk
    sub title: The Impact of Regulation System Shifts on Risk Components
  name:
    name part: Hierzenberger, Michael.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2010
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: X, 180 p. 14 illus. online resource.
  abstract: 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.
  table of contents: Capital Market-Based Calculation of the Cost of Equity -- Methods of Price Regulation -- Empirical Secondary Data Analysis -- The Primary Empirical Study -- Summary of the Work.
  note: by Michael Hierzenberger.
  subject:
    topic: Accounting
  subject:
    topic: Bookkeeping
  subject:
    topic: Economic theory
  subject:
    topic: Econometrics
  subject:
    topic: Public finance
  subject:
    topic: Economics
  subject:
    topic: Economics
  subject:
    topic: Public Economics
  subject:
    topic: Accounting/Auditing
  subject:
    topic: Economic Systems
  subject:
    topic: Econometrics
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  classification: HJ9-9940
  classification: 336
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: Lecture Notes in Economics and Mathematical Systems, 641
  identifier: 9783642120473
  identifier: http://dx.doi.org/10.1007/978-3-642-12047-3
  record info:
    record creation date: 100803
    record change date: 20151204143604.0
    record identifier: 978-3-642-12047-3