During the last years, there has been an increasing concern about the importance of competition policy as a mean to increase efficiency in the allocation of resources and the supply and variety of goods and services. Competition between firms provides powerful incentives for cost minimization...

The aim of this study is to estimate both stochastic and mathematical programming cost functions and frontier studies with the ADERASA’s database. ADERASA is a Latin American association of water regulators, which has done a systematic effort on data collection. Econometric and DEA techniques...

The purpose of this paper is to study the existence of differences in costs between pension fund administrators (PFAs) through the estimation of an econometric cost frontier for Argentina. Like in other eleven Latin American, and some other Central Asian and Eastern Europe countries, the social...

Political and regulatory risks, cause damage to countries and investors because of investment diminishing. When investments take place, those could increase services prices. Present work has as its objectives to characterize theoretically the problem, to study existent measures to face it, to...

During the last decade, Argentina has faced an extended process of reform of the Pension System. It had been implemented a mixed system with a private funds scheme (PFS) and a new public pay-as-you-go system. The PFS was based on personal contributions; it addressed the effect of demographic...

“High-power” regulatory regimes were adopted in most of the reformed electricity distribution sectors. In particular, in a price cap regime with a RPI-X rule, it is commonly used a benchmarking exercise based on efficiency frontier estimations to determine X factors. DEA is a widely used...

In this paper, it was made an exhaustive survey of the literature related with cost and production frontiers in the water and sanitation sector. The survey shed light in order to determine the variables to choose in the model to be estimated in a further empirical estimation developed for the...

Pension systems are under stress in the whole world. Demographic tendencies, informal labour markets, and distributive designs –inter alia-, coupled with the rigidity of the legislation, and implied financial imbalances, social debate and –sometimes-, reforms. These could be classified into...

This essay tries to synthesize a recent discussion on circular economics, aiming to clarify the concept, its relationship with the notion of "decoupling", and how technology, business, and economic policy influence it. In essence, circular economy means turning waste into something valuable. The...