We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using … crises. Post-reform, we find that the market is safe from crises for a wider range of stored water/rainfall combinations …

The main objectives of regulatory reform and privatization of infrastructure in Brazil were to attract new private … suggests that regulatory reform (privatization included) has succeed in fostering productivity growth and improving the fiscal … exception to this rule. What accounts for the failure of privatization and regulatory reform to produce the expected boom in …

of competition by cartels and monopolies. Since World War II there has been considerable convergence as an increasing … policy and competition policy intersect. A proposed augmentation of the World Trade Organization's functions to deal with …