Accounting for Infrastructure Regulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Accounting for Infrastructure Regulation write by Martin Rodriguez Pardina. This book was released on 2008. Accounting for Infrastructure Regulation available in PDF, EPUB and Kindle. This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).
Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies
Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies write by Antonio Estache. This book was released on 2016. Information, Accounting, and the Regulation of Concessioned Infrastructure Monopolies available in PDF, EPUB and Kindle. Information that private operators of infrastructure monopolies provide regulators can and should be used to address technical issues and monitor performance. But to reduce the risk of abusive behavior, the information should also be used to make both regulators and concessionaires accountable - for example, for passing any cost reductions along to consumers.Economists often characterize the regulation of monopolies as a game (between the regulator and the service provider) in which the two players do not share the same information. The regulator is assumed to have poorer information than the service provider about the scope of future efficiency gains and the size and timing of future investment plans. Over time, the regulator must increase its information base so that regulatory targets become more realistic - but this is a costly process.Burns and Estache examine the ways such information can and should be generated, especially through the accounting requirements a regulator can impose on private operators of infrastructure concessions. (They view concessioning and regulation as complementary, not substitute, activities.) Concessionaires should provide regulators with the information they need to:Compare outcomes with expectations.Evaluate the cost of adverse shocks that may warrant relaxed regulation.Evaluate whether lower costs than expected are the result of better performance or diminished output.Properly evaluate the asset base and charge for the consumption of capital.Information that regulators get from private operators of infrastructure monopolies should be used to make both regulators and concessionaires accountable. In Chile, for example, the privatization of monopolies led to significant efficiency gains, but it took a long time for these gains to be passed on to users because neither the firms nor the regulators were held accountable - until Congress expressed reluctance to endorse further privatization because earlier waves of privatization had not benefited consumers. In other words, information should be used to make regulatory decisions more transparent and to reduce the risk of the private providers capturing the regulators.This paper - a product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute - is part of a larger effort in the institute to increase understanding of the importance of regulation for the success of infrastructure privatization.
Distributed Ledgers
Distributed Ledgers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Distributed Ledgers write by Robert M. Townsend. This book was released on 2020-10-06. Distributed Ledgers available in PDF, EPUB and Kindle. An economic analysis of what distributed ledgers can do, examining key components and discussing applications in both developed and emerging market economies. Distributed ledger technology (DLT) has the potential to transform economic organization and financial structure. In this book, Robert Townsend steps back from the hype and controversy surrounding DLT (and the related, but not synonymous, innovations of blockchain and Bitcoin) to offer an economic analysis of what distributed ledgers can do. Townsend examines the key components of distributed ledgers, discussing, evaluating, and illustrating each in the context of historical and contemporary economics, and reviewing featured applications in both developed economies and emerging-market countries.
The Theory of Access Pricing
The Theory of Access Pricing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Theory of Access Pricing write by Tommaso M. Valletti. This book was released on 2001. The Theory of Access Pricing available in PDF, EPUB and Kindle.
Accounting for Poverty in Infrastructure Reform
Accounting for Poverty in Infrastructure Reform - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Accounting for Poverty in Infrastructure Reform write by Antonio Estache. This book was released on 2002. Accounting for Poverty in Infrastructure Reform available in PDF, EPUB and Kindle. Annotation This book provides practical guidelines and options for infrastructure reform that result in access and affordability for the poor. It includes a new model for reform that consists of three main components - policies, regulation, and provision which when properly balanced minimize the risks associated with reform.
