Fischer, Ronald; Galetovic, Alexander - In: Journal of Economic Policy Reform 6 (2003) 2, pp. 105-125
We study regulatory incentives and governance during the 1998-1999 electricity shortage in Chile. We argue that it was feasible to manage the shortage with no outages. The outages can be blamed on the rigid price system and deficiencies in regulatory governance, which led to a weak regulator...