Indexation, investment, and utility prices

Oxford Review of Economic Policy

Volumn 25, Issue 3, 2009, Pages 435-450

  Brealey, Richard ^a   Franks, Julian ^b  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b CEPR   (United Kingdom)

Author keywords

Cost of capital; Indexation; Regulation

Indexed keywords

CAPITAL; INVESTMENT; PRICE DYNAMICS; REGULATORY FRAMEWORK; UTILITY SECTOR;

EID: 78649439335     PISSN: 0266903X     EISSN: 14602121     Source Type: Journal    
DOI: 10.1093/oxrep/grp030     Document Type: Article

References (11)

1. Bank of England (2008), 'Financial Stability Report', October, London, Bank of England
2. CAA (2008), 'Economic Regulation of Heathrow and Gatwick Airports 2008-13', London, Civil Aviation Authority
3. CEPA (2007), 'Indexing the Allowed Rate of Return', Report commissioned by ORR and Ofwat, Cambridge Economic Policy Associates, September
4. Competition Commission (2008), 'Stansted Airport Limited Q5 Price Control', London, Competition Commission, October
5. First Economics (2007), 'Automatic Annual Adjustment of the Cost of Capital: A Discussion Paper', First Economics, 30 March
6. Helm, D. R. (2005), 'Financial Muddles and Regulation', Monthly Commentary, available at www.dieterhelm.co.uk, 8 November.
7. Helm, D. R. (2009), 'Utility Regulation, the RAB and the Cost of Capital', Competition Commission Spring Lecture, available at www.dieterhelm.co.uk.
8. Merton, R. C. (1980), 'On Estimating the Expected Return on the Market: An Exploratory Investigation', Journal of Financial Economics, 8, 1-39.
9. Ofcom (2005), 'Ofcom's Approach to Risk in the Assessment of the Cost of Capital, August 2005', London, Ofcom
10. Ofwat (2004), 'Future Water and Sewerage Charges 2005-10: Final Determinations', Birmingham, Ofwat
11. Ofwat (2007), 'Risk Allocation, Investment Incentives and Financing of Regulated Businesses', PRO9/03, Birmingham, Ofwat, 18 October