{"id":"https://openalex.org/W2168145245","doi":"https://doi.org/10.1111/1467-6281.00118","title":"Replacement Cost Asset Valuation and Regulation of Energy Infrastructure Tariffs","display_name":"Replacement Cost Asset Valuation and Regulation of Energy Infrastructure Tariffs","publication_year":2003,"publication_date":"2003-02-01","ids":{"openalex":"https://openalex.org/W2168145245","doi":"https://doi.org/10.1111/1467-6281.00118","mag":"2168145245"},"language":"en","primary_location":{"id":"doi:10.1111/1467-6281.00118","doi":"https://doi.org/10.1111/1467-6281.00118","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-6281.00118","pdf_url":null,"source":{"id":"https://openalex.org/S161221442","display_name":"Abacus","issn_l":"0001-3072","issn":["0001-3072","1467-6281"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abacus","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/abac_118.pdf?abstractid=408282&mirid=1","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003059745","display_name":"David James Johnstone","orcid":"https://orcid.org/0000-0002-7939-7762","observed_orcids":["https://orcid.org/0000-0002-7939-7762","https://orcid.org/0000-0002-6907-0352"]},"institutions":[{"id":"https://openalex.org/I204824540","display_name":"University of Wollongong","ror":"https://ror.org/00jtmb277","country_code":"AU","type":"education","lineage":["https://openalex.org/I204824540"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"D. J. Johnstone","raw_affiliation_strings":["1University of Wollongong","University of Wollongong - School of Accounting, Economics & Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"1University of Wollongong","institution_ids":["https://openalex.org/I204824540"]},{"raw_affiliation_string":"University of Wollongong - School of Accounting, Economics & Finance","institution_ids":["https://openalex.org/I204824540"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5003059745"],"corresponding_institution_ids":["https://openalex.org/I204824540"],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":10.4044,"has_fulltext":false,"cited_by_count":33,"citation_normalized_percentile":{"value":0.97508737,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"39","issue":"1","first_page":"1","last_page":"41"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13439","display_name":"Transport and Economic Policies","score":0.3546999990940094,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13439","display_name":"Transport and Economic Policies","score":0.3546999990940094,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13138","display_name":"Legal and Constitutional Studies","score":0.2615000009536743,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13758","display_name":"Energy Law and Policy","score":0.15410000085830688,"subfield":{"id":"https://openalex.org/subfields/1802","display_name":"Information Systems and Management"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/depreciation","display_name":"depreciation","score":0.6320000290870667},{"id":"https://openalex.org/keywords/gas-pipelines","display_name":"gas pipelines","score":0.5270000100135803},{"id":"https://openalex.org/keywords/contestable-markets","display_name":"contestable markets","score":0.628000020980835},{"id":"https://openalex.org/keywords/asset-pricing","display_name":"asset pricing","score":0.46700000762939453},{"id":"https://openalex.org/keywords/energy-regulation","display_name":"energy regulation","score":0.6290000081062317},{"id":"https://openalex.org/keywords/australia","display_name":"Australia","score":0.34599998593330383}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.7421550154685974},{"id":"https://openalex.org/C85502023","wikidata":"https://www.wikidata.org/wiki/Q157171","display_name":"Renting","level":2,"score":0.6096630692481995},{"id":"https://openalex.org/C2776060655","wikidata":"https://www.wikidata.org/wiki/Q52389","display_name":"Tariff","level":2,"score":0.5790982246398926},{"id":"https://openalex.org/C79179835","wikidata":"https://www.wikidata.org/wiki/Q958242","display_name":"Sunk costs","level":2,"score":0.5354915261268616},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5255985260009766},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5054194927215576},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.45567283034324646},{"id":"https://openalex.org/C30472729","wikidata":"https://www.wikidata.org/wiki/Q955421","display_name":"Fixed asset","level":3,"score":0.4291746914386749},{"id":"https://openalex.org/C43326092","wikidata":"https://www.wikidata.org/wiki/Q362098","display_name":"Historical cost","level":3,"score":0.4194452166557312},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.31696566939353943},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.24465474486351013},{"id":"https://openalex.org/C63149375","wikidata":"https://www.wikidata.org/wiki/Q14136184","display_name":"Fair value","level":2,"score":0.1686280369758606},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.1256798505783081},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08924013376235962},{"id":"https://openalex.org/C147176958","wikidata":"https://www.wikidata.org/wiki/Q77590","display_name":"Civil engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/1467-6281.00118","doi":"https://doi.org/10.1111/1467-6281.00118","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-6281.00118","pdf_url":null,"source":{"id":"https://openalex.org/S161221442","display_name":"Abacus","issn_l":"0001-3072","issn":["0001-3072","1467-6281"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abacus","raw_type":"journal-article"},{"id":"mag:2168145245","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/abac_118.pdf?abstractid=408282&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null}],"best_oa_location":{"id":"mag:2168145245","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/abac_118.pdf?abstractid=408282&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","score":0.7207000255584717,"id":"https://metadata.un.org/sdg/9"}],"sustainable_development_goals_aurora":[{"display_name":"Industry, innovation and infrastructure","score":0.46000000834465027,"id":"https://metadata.un.org/sdg/9"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W187208189","https://openalex.org/W563987142","https://openalex.org/W616553489","https://openalex.org/W1522479808","https://openalex.org/W1590458368","https://openalex.org/W1978282661","https://openalex.org/W1981772969","https://openalex.org/W2001391417","https://openalex.org/W2001711424","https://openalex.org/W2020500480","https://openalex.org/W2033549411","https://openalex.org/W2033739349","https://openalex.org/W2034089367","https://openalex.org/W2041670752","https://openalex.org/W2046065488","https://openalex.org/W2057851510","https://openalex.org/W2059912207","https://openalex.org/W2091176617","https://openalex.org/W2091208585","https://openalex.org/W2165927006"],"related_works":["https://openalex.org/W7052267066","https://openalex.org/W2106321879","https://openalex.org/W2736248599","https://openalex.org/W97630583","https://openalex.org/W2004267307","https://openalex.org/W2081226433","https://openalex.org/W58880610","https://openalex.org/W175000612","https://openalex.org/W2239939783","https://openalex.org/W2158599070"],"abstract_inverted_index":{"In":[0,146],"Australia,":[1],"access":[2],"tariffs":[3,50,87],"(rental":[4],"charges)":[5],"paid":[6],"by":[7,23,85],"third":[8],"party":[9],"users":[10],"to":[11,96,127,136,140,158,163,174],"the":[12,26,39,53,72,79,128,148],"owners":[13,57],"of":[14,28,46,63,71,81,93,114,130,178],"energy":[15],"transmission":[16],"assets":[17,48,132,154,166],"(e.g.,":[18],"gas":[19],"pipelines)":[20],"are":[21,138,155,183],"determined":[22],"regulators":[24],"on":[25,38,61],"basis":[27],"their":[29],"depreciated":[30],"optimized":[31],"replacement":[32,40,115],"cost":[33,116],"(known":[34],"as":[35],"DORC).":[36],"Reliance":[37],"cost,":[41,45],"rather":[42],"than":[43],"actual":[44],"existing":[47],"inflates":[49],"and":[51,110,118,143],"incites":[52],"criticism":[54],"that":[55,76,94,160],"asset":[56],"earn":[58],"a":[59,64,82,89,98,108,179],"return":[60],"investments":[62],"scale":[65],"never":[66],"made.":[67],"The":[68],"economic":[69],"rationale":[70],"regulators\u2019":[73],"model":[74,106],"is":[75],"it":[77],"emulates":[78],"workings":[80],"contestable":[83],"market,":[84],"setting":[86],"at":[88,169],"level":[90],"just":[91],"short":[92],"required":[95],"motivate":[97],"new":[99,164],"entrant":[100],"(system":[101],"duplication).":[102],"Properly":[103],"reconstructed,":[104],"this":[105,176],"constitutes":[107],"dynamic":[109],"internally":[111],"consistent":[112],"theory":[113],"valuation":[117,129],"depreciation.":[119],"Its":[120],"mathematical":[121],"consequences,":[122],"however,":[123],"especially":[124],"with":[125,133,185],"regard":[126],"sunk":[131],"long":[134],"times":[135],"expiry,":[137],"shown":[139],"be":[141],"practically":[142],"politically":[144],"unpalatable.":[145],"particular,":[147],"implied":[149],"tariff":[150],"levels":[151],"for":[152,189],"such":[153],"very":[156],"close":[157],"those":[159],"would":[161],"apply":[162],"infrastructure":[165],"built":[167],"today":[168],"today's":[170],"prices.":[171],"Regulators":[172],"unwilling":[173],"accept":[175],"implication":[177],"new\u2010entrant\u2010exclusion":[180],"pricing":[181],"logic":[182],"left":[184],"no":[186],"alternative":[187],"framework":[188],"DORC.":[190]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-13T10:08:12.033832","created_date":"2016-06-24T00:00:00"}