caa a22 4500 469075821 CHVBK 20180323132934.0 cr unu---uuuuu 170328e19920301xx s 000 0 eng 10.1007/BF00134219 doi (NATIONALLICENCE)springer-10.1007/BF00134219 Awerbuch Shimon Finance Department, University of Massachusetts, 01854, Lowell, MA aut Depreciation and profitability under rate of return regulation [Elektronische Daten] [Shimon Awerbuch] This paper examines the widely-held notion that the regulatory approach to setting earnings equalizes the accounting and internal rates of return, and that this condition holds for any depreciation profile. The evidence suggests that the practical usefulness of this proposition for policy-making may be quite limited. This paper also examines the underlying premise—that, because of its relative constancy over time, the regulated rate of return must equal the internal rate of return—and finds that contrary to earlier suggestions, this result does not always hold in the multi-asset case. Kluwer Academic Publishers, 1992 Journal of Regulatory Economics Kluwer Academic Publishers 4/1(1992-03-01), 63-70 0922-680X 4:1<63 1992 4 11149 https://doi.org/10.1007/BF00134219 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00134219 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Awerbuch Shimon Finance Department, University of Massachusetts, 01854, Lowell, MA aut NATIONALLICENCE 773 0- Journal of Regulatory Economics Kluwer Academic Publishers 4/1(1992-03-01), 63-70 0922-680X 4:1<63 1992 4 11149 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer