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Privatization versus Franchising Public Utilities. Are there any dominant alternative?

Saavedra, Eduardo; Bruna, Ronaldo - Econometric Society - 2004

Este artículo explora a través de un mismo modelo básico las características fundamentales que determinan si es socialmente preferible concesionar versus privatizar un servicio público con características monopólicas. Los principales resultados de este trabajo son que la opción de...

Persistent link: https://www.econbiz.de/10005328909

The Dynamics of Earnings in Chile

Repetto, Andrea; Huneeus, Cristobal - Econometric Society - 2004

This paper provides an empirical analysis of individual earnings using data from the Encuesta Suplementaria de Ingresos. We find that the predictable component of income is hump-shaped over the life-cycle, and that there are strong education effects. The unpredictable component of income can be...

Persistent link: https://www.econbiz.de/10005129763

The Effects of Infrastructure Development on Growth and income

Serven, Luis; Calderon, César - Econometric Society - 2004

This paper provides an empirical evaluation of the impact of infrastructure development on economic growth and income distribution using a large panel data set encompassing over 100 countries and spanning the years 1960-2000. The empirical strategy involves the estimation of simple equations for...

Persistent link: https://www.econbiz.de/10005063542

Political Economy of Infrastructure Investment: A Spatial Approach

Meagher, Kieron; Ghosh, Arghya - Econometric Society - 2004

The importance of infrastructure for growth is well established in the macroeconomic literature. Previous research has treated public investment in infrastructure as exogenous. We remedy this shortcoming by providing a political economy analysis of infrastructure choice based upon consumer...

Persistent link: https://www.econbiz.de/10005702622

Electricity Transmission Pricing Principles

Arellano, M. Soledad; Serra, Pablo - Econometric Society - 2004

This article lays down economic principles that should govern electricity transmission pricing when peak-load pricing … is used to set tariffs. Transmission systems perform three different functions: to transport energy, to substitute for …-run marginal costs so that the proper investment signals are given, whereas fixed costs should be borne by the transmission …

Persistent link: https://www.econbiz.de/10005328872

Telecommunication Network Competition: An Equilibrium Analysis

Raineri, Ricardo - Econometric Society - 2004

The paper analyzes calling party pays access pricing policies in a General Equilibrium two ways access charge model with consumers that choose between different telecommunication providers, and benefit from making calls to other consumers and from the calls that they receive. We obtain that...

Persistent link: https://www.econbiz.de/10005063543

On Quantity Competition and Transmission Constraints in Electricity Market

Benitez, Daniel A. - Econometric Society - 2004

the electricity network where generators compete to satisfy demand but competition is restricted by transmission capacity …. We show the existence of an effective demand that is continuous but not differentiable due to the transmission constraint …

Persistent link: https://www.econbiz.de/10005170258

A Dynamic Approach to Estimate the Efficiency of U.S. Electric Utilities

Rungsuriyawiboon, Supawat - Econometric Society - 2004

The static production efficiency model and the dynamic duality model of intertemporal decision making using a parametric approach have been continuously developed but in separate direction. The parametric approach takes statistical noise into account, which consequently provides accurate...

Persistent link: https://www.econbiz.de/10005702577

The road to extinction: commons with capital markets

Rowat, Colin; Dutta, Jayasri - Econometric Society - 2004

Competitive agents extract in continuous time from a commons. Capital market access allows them to both save and borrow against their extraction stream. When the commons asset grows more quickly than the privately stored one, multiple equilibria are found for intermediate commons endowments. One...

Persistent link: https://www.econbiz.de/10005342247

On the Reasons Behind Fear of Floating: Pass-through Effects vs. Contractionary Depreciations

Castro, Juan F. - Econometric Society - 2004

Based on a simple open economy framework, this analysis rationalizes the existence of â€œfear of floatingâ€-type responses and uncovers some important implications about to role of pass-through effects and contractionary depreciations. By examining how the optimal monetary response varies...

Persistent link: https://www.econbiz.de/10005328866