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THE COMPARATIVE STATICS OF THE PRICE AND CAPITAL
THE BEHAVIOR OF THE REGULATED FIRM
4 other sections not shown
allowed rate amount of capital assumed capital asset input certainty equivalent certainty equivalent marginal comparative static cost function cost of capital cost of equity debt financing debt ratio decision variables demand function demand is revealed derived determine effect of debt effect of uncertainty electric utility equal equity capital estimated factor input decisions firm subject firm under uncertainty firm's Holthausen increase input and pricing labor input Lagrange multiplier levered and unlevered levered firm marginal rate obtained optimal capital asset optimal price order conditions output period cash flow present value price and capital pricing decisions production decisions production function quantity demanded quantity uncertainty random variable rate of return rate of substitution regulated firm regulatory constraint return on equity return regulation returns to scale risk aversion risk class risk neutral riskfree rate second order conditions second period cash tax subsidy uncertainty in quantity unlevered firm user cost variability in quantity