We study the Chilean electricity distribution industry and find that costs (the ratio of reported costs to revenues) have fallen since price caps were introduced. Cost reductions are U-shaped since 1989: Strong initial cost reductions reverse every four years, coinciding with regulatory reviews....

Households allocating time between market and non-market uses should respond to income variations by adjusting the time devoted to shopping search and other home production activities. In this paper, we exploit high-frequency household expenditure data to examine the use of changes in shopping...

An important piece of the major fiscal and structural reforms undertaken in Argentina in the early 1990´s was the decentralization of education services from the federal government to the provincial governments. The theoretical literature does not find absolute superiority of centralization or...