caa a22 4500 46907583X CHVBK 20180323132934.0 cr unu---uuuuu 170328e19920301xx s 000 0 eng 10.1007/BF00134216 doi (NATIONALLICENCE)springer-10.1007/BF00134216 Rogerson William Department of Economics, Northwestern University, 2003 Sheridan Road, 60208-2400, Evanston, IL aut Optimal depreciation schedules for regulated utilities [Elektronische Daten] [William Rogerson] This paper+ derives the combined effect of depreciation schedules and regulatory lag on a firm's choice of input mix. It shows that a schedule called the real constant (RC) schedule induces efficient capital-labor proportions. More (less) accelerated schedules cause undercapitalization (overcapitalization). Since most typically used schedules are accelerated relative to the RC schedule, they lead to undercapitalization. Testable predictions are derived by showing that these distortions become more severe as the inflation rate increases and as the lag length decreases. Kluwer Academic Publishers, 1992 Journal of Regulatory Economics Kluwer Academic Publishers 4/1(1992-03-01), 5-33 0922-680X 4:1<5 1992 4 11149 https://doi.org/10.1007/BF00134216 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00134216 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Rogerson William Department of Economics, Northwestern University, 2003 Sheridan Road, 60208-2400, Evanston, IL aut NATIONALLICENCE 773 0- Journal of Regulatory Economics Kluwer Academic Publishers 4/1(1992-03-01), 5-33 0922-680X 4:1<5 1992 4 11149 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer