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Bente Villadsen

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Bente Villadsen

Principal

Cambridge
Bente.Villadsen@brattle.com
Voice: +1.617.864.7900
     

Education

Yale University, Ph.D.; University of Aarhus, Denmark, M.S. and B.S., joint degrees in Economics and Mathematics
 

Biography

Dr. Villadsen specializes in regulatory finance and accounting. Her areas of concentration include cost of capital, cost-of-service rate making, accounting disclosure, accounting principles, and their application.

She has testified on cost of capital and has significant experience in both the U.S. and Canada. Her recent cost of capital work includes U.S. state and federal courts as well as Canadian federal and provincial regulatory bodies in the electric, pipeline, and water industries. She has also consulted on capital budgeting for international corporations.

Dr. Villadsen has testified in U.S. and international arbitrations matters on accounting issues and damages. She has experience in accounting principles and financial disclosure. Her recent experiences include accounting issues related to disclosure, the classification of hybrid financial instruments, impairment of assets, and mark-to-market issues.
 

Selected Publications

  • "Regulatory Issues from GAAP to IFRS: Why Should We Care?," by Bente Villadsen and Amit Koshal, The Brattle Group, Inc. for the 2009 NASUCA Annual Meeting, November 16, 2009.
  • "Understanding Debt Imputation Issues," by Michael J. Vilbert, Bente Villadsen, and Joseph B. Wharton, Edison Electric Institute, June 2008.
  • "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.
  • "Current Issues in Cost of Capital," by Michael J. Vilbert and Bente Villadsen, EEE Electric Rates Advanced Course, Madison, WI, 2005.
  • "Issues for Cost of Capital Estimation," by Bente Villadsen and Michael J. Vilbert, Edison Electric Institute Cost of Capital Conference, February 2004.
  • "Discussion of ‘Are Performance Measures Other Than Price Important to CEO Incentives?'," by Bente Villadsen, Annual Meeting of the American Accounting Association, 2000.
  • "Beta Distributed Market Shares in a Spatial Model with an Application to the Market for Audit Services," by Bente Villadsen, Review of Industrial Organization, 1995.
  • "Communication and Delegation in Collusive Agencies," by Bente Villadsen, Journal of Accounting and Economics, 1995.
 

Areas of Expertise