Rate of Return
نویسندگان
چکیده
منابع مشابه
Dynamics of Rate-of-Return Regulation
It is commonly accepted in the industrial organization literature that rate of return regulation leads to inefficient outcomes. Since prices are calculated so as to cover the regulated firm’s average cost, which includes the periodic fixed costs associated with plant property and equipment, the conventional argument is that prices must exceed the marginal cost of production. This paper examines...
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We consider the internal rate of return (IRR) decision rule in capital budgeting problems with fuzzy cash flows. The possibility distribution of the IRR at any r ≥ 0, is defined to be the degree of possibility that the (fuzzy) net present value of the project with discount factor r equals to zero. We show that the possibility distribution of the IRR is a highly nonlinear function of quasi-trian...
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This paper considers the difference between two types of regulation as they affect the regulated firm. Using the electricity distribution industry in Victoria as a case study, we discuss the impact of the periodic resetting of regime parameters which is a standard feature of price cap regimes. We explain why such resets are necessary and how the resulting incentives differ from those generated ...
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The Internal Rate of Return (IRR) is used in economics as a popular method for project evaluation. Its major challenge, however, is to calculate all real rates. This paper presents an algorithm that can be used to calculate all return rates through introducing a heuristic approach based on several mathematical theorems. In order to better understand the different steps of the proposed algorithm...
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ژورنال
عنوان ژورنال: The ANNALS of the American Academy of Political and Social Science
سال: 1914
ISSN: 0002-7162,1552-3349
DOI: 10.1177/000271621405300116