It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that...

Despite a long debate over the methods regulators can use to treat deferred income taxes from accelerated depreciation, there appears to be no formal analysis of the conditions under which customers and investors will prefer each method and under which a transition among the methods will leave...

This paper models an electricity producing firm's ex ante choice of technology for a generating plant in a way that recognizes that planned output is best described by a load increment composed of an instantaneous rate and a time duration and that the cost of capital equipment is dependent on...

Loyalty in branded consumer goods markets is a subject that has often been discussed in the marketing literature. Virtually no matter what definition of loyalty has been adopted, it has been found to exist. This paper examines loyalty from a different perspective--that of an aggregation of...

This paper uses Côte d'Ivoire and Nigeria survey data on both supply and demand characteristics to examine how structural and demographic factors influence family planning provision and cost. The model, which takes into account the endogenous influence of service provision on average cost,...