Investment Behavior in U.S. Regulated Industries

作者: Dale W. Jorgenson , Sidney S. Handel

DOI: 10.2307/3003166

关键词: Constraint (mathematics)Perfect competitionService (economics)Rate of returnInvestment performanceEconomicsEconometric modelIndustrial organizationInvestment (macroeconomics)Return on investment

摘要: This paper develops an econometric model of investment behavior for the regulated industries in United States. In these firm faces a regulatory constraint; agencies fix price output on principle given rate return applied to value assets as determined purposes. Companies are required provide service all consumers meeting specified conditions. Regulation is effective if it produces same and that would result from competitive market structure. The constraint enters into determination demand capital, but replacement time structure process unregulated industries.

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