Price Regulation Under Uncertainty in an Asymmetric Decision Environment
分析在不确定性下，受管制企业可在不确定性解决前后分别决策投入，发现价格上限无法引导企业达到竞争性结果，且公平回报目标既不充分也不明确。
A regulated firm that can make decisions both before and after uncertainty is resolved with respect to input use cannot be led to competitive solutions by regulatory price ceilings. Whether those ceilings are imposed before or after the resolution of uncertainty, they present incentives for undercapitalized production, contrary to usual AJ assertions. Under these conditions the Fair Return objective is neither a sufficient nor an unambiguous regulatory target.