Education
Massachusetts Institute of Technology Ph.D. in Economics; U.S. Air Force Academy, B.S. in International Affairs (Economics) |
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Biography
Dr. Kolbe's work focuses on financial economics, especially as it applies to rate regulation and project or asset valuation. Clients for this work have included federal, state/provincial and local government agencies; national research institutes; industry organizations; and private firms in a variety of industries. He is the co-author of three books and has published a number of articles. Dr. Kolbe has served as an expert witness in arbitrations in The Hague, London, and Melbourne, lawsuits in U.S. courts, federal and state/provincial regulatory proceedings in the U.S. and Canada, and U.S. commercial arbitrations.
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Selected Publications
- "How to Value a Lost Opportunity: Defining and Measuring Damages from Market Foreclosure,"
by William B. Tye and A. Lawrence Kolbe, The Economics of Antitrust Injury and Firm Specific Damages, Kevin S. Marshall, ed., December 2007.
- "Measuring Return on Equity Correctly: Why current estimation models set allowed ROE too low,"
by A. Lawrence Kolbe, Michael J. Vilbert, and Bente Villadsen, Public Utilities Fortnightly, August 2005.
- "The Effect of Debt on the Cost of Equity in a Regulatory Setting,"
by A. Lawrence Kolbe, Michael J. Vilbert, Bente Villadsen, and The Brattle Group, Edison Electric Institute, April 2005.
- Capital Investment and Valuation, by Richard A. Brealey and Stewart C. Myers, with The Brattle Group, McGraw-Hill, 2002.
- "The Impact of Stranded-Cost Risk on Required Rates of Return for Electric Utilities: Theory and an Example,"
by Lynda S. Borucki and A. Lawrence Kolbe, Journal of Regulatory Economics, 1998.
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"Taxing Mutual and Stock Life Insurance Companies,"
by A. Lawrence Kolbe and Stewart C. Myers, The Brattle Group, Inc., 1997.
- "Compensation for the Risk of Stranded Costs,"
by A. Lawrence Kolbe and William B. Tye, Energy Policy, 1996.
- "Faulty Analysis Underlies Claims of Excess Card Profits,"
by A. Lawrence Kolbe and Carlos Lapuerta, American Banker, 1995.
- "It Ain't In There: The Cost of Capital Does Not Compensate for Stranded-Cost Risk,"
by A. Lawrence Kolbe and William B. Tye, Public Utilities Fortnightly, 1995.
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"Financial and Discount Rate Issues for Strategic Management of Environmental Costs,"
by A. Lawrence Kolbe and Stewart C. Myers, Air and Waste Management Association, June 1994.
- "Utility Capital Budgeting Notebook,"
by A. Lawrence Kolbe and Incentives Research Inc., EPRI, 1994.
- Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries, by A. Lawrence Kolbe, Stewart C. Myers, and William B. Tye, Kluwer Academic Publishers, 1993.
- "EPA's New BEN Model: A Change for the Better?,"
by A. Lawrence Kolbe, Kenneth T. Wise, and M. Alexis Maniatis, Toxics Law Reporter, 1993.
- "Optimal Time Structures for Rates in Regulated Industries,"
by A. Lawrence Kolbe and William B. Tye, Transportation Practitioners Journal, 1992.
- "Environmental Cleanup Liabilities,"
by A. Lawrence Kolbe and William B. Tye, Public Utilities Fortnightly, 1992.
- "EPA's 'BEN' Model: Challenging Excessive Penalty Calculations,"
by Paul R. Ammann, A. Lawrence Kolbe, Kenneth T. Wise, and Scott DuBoff, Toxics Law Reporter, 1992.
- "How Far Back Should Prudence Tests Reach?,"
by A. Lawrence Kolbe and William W. Hogan, Public Utilities Fortnightly, 1991.
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"How to Value a Lost Opportunity,"
by A. Lawrence Kolbe, William B. Tye, and Stephen H. Kalos, Section of Antitrust Law, American Bar Association, 1991 Annual Meeting, 1991.
- "The Duquesne Opinion: How Much ‘Hope' Is There for Investors in Regulated Firms?,"
by A. Lawrence Kolbe and William B. Tye, Yale Journal on Regulation, 1991.
- The Cost of Capital: Estimating the Rate of Return for Public Utilities, by A. Lawrence Kolbe, James A. Read, Jr., and with George R. Hall, MIT Press, 1984.
- "Regulatory Treatment of Deferred Income Taxes Resulting from Accelerated Depreciation by Motor Carriers,"
by A. Lawrence Kolbe, William B. Tye, Miriam Alexander Baker, Transportation Journal, 1984.
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