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to underinvestment and to quality deterioration under price-cap rate regulation, which is the system adopted for the … order to assess the firm’s behavior with respect to investment and service quality. The observed results do not contradict … the theoretical expectation of underinvestment. There is evidence that investment since privatization was sufficient to …
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This paper proposes a preliminary analysis of the main tendencies of the Brazilian economic growth considering their long-term determinants. During the postliberalization period, new opportunities have appeared to Brazil in order to meet again a new development path. But in spite of the price...
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