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The Brattle Group
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Regulatory Finance and Accounting

The Brattle Group assists companies affected by regulation to make strategic, investment, pricing, and financing decisions. We work with firms to anticipate how regulators will view the risk and value outcomes of different regulatory programs. We determine the costs and benefits of alternative arrangements, such as organizational unbundling, supply hedging obligations, provider of last resort obligations, service proliferation, and incentive ratemaking.

We have pioneered the application of economic, finance, and accounting theory and practice to matters in regulatory proceedings. Our economic consultants publish leading texts on corporate finance and frequently advise companies and government officials as well as testify before regulatory agencies worldwide.

Our Focus

Restructuring and Competitive Market Design
Legal Management and Ownership Unbundling
Access Pricing
Privatization/Corporatization
Competition versus Regulation

Financial Analysis
Asymmetric Risk/Takings
Cost of Capital and Allowed Rates of Return
Credit Worthiness (Debt and Debt Equivalence)
Valuation of Regulated Infrastructure

Tariff Design
Incentive Regulation
Ramsey Pricing
Cost Allocation and Ratemaking
Prudence and Hindsight Assessment

See Also

 
 

Related Experts

Principals:
Paul R. Carpenter
Frank C. Graves
A. Lawrence Kolbe
Robert S. Mudge
Kevin Neels
Matthew P. O'Loughlin
Johannes P. Pfeifenberger
Michael J. Vilbert
Bente Villadsen
William P. Zarakas

Senior Advisors:
Benjamin F. Bailar
Richard A. Brealey
James Dow
Michael A. Goldstein
David E. M. Sappington
Kenneth B. Schwartz

Senior Associates:
Adam C. Schumacher

Selected Publications

Corporate Brochure
Cost of Capital Brochure
Regulatory Issues from GAAP to IFRS: Why Should We Care?
The Impact on the U.S. Insurance Market of a Tax on Offshore Affiliate Reinsurance: An Economic Analysis
Understanding the Credit Crisis: The Treasury, the Fed, and the Banking System
Understanding Debt Imputation Issues
Financial Challenges of Rising Utility Costs and Capital Investment Needs
BRATTLE PRIZES, ISSUE TWO: Corporate Governance
The Effect of Debt on the Cost of Equity in a Regulatory Setting
BRATTLE PRIZES, ISSUE ONE: Capital Structure
Issues for Cost of Capital Estimation
Land Use Regulation and New Construction
The Economic Balance Sheet for Governance and Risk Management
Regulating the United States Railroads: The Effects of Sunk Costs and Asymmetric Risk
Capital Allocation for Insurance Companies
Cost of Capital Estimation for Unregulated Generation: Methodology and Estimates
New Advances in Capital Budgeting for Generation Assets: Survey and Interpretation
Industry Structure and Pricing: The New Rivalry in Infrastructure
Testing Static Tradeoff vs. Pecking Order Theories of Capital Structure