Showing 1 - 10 of 241
This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser’s...
Persistent link: https://www.econbiz.de/10009553629
This paper aims to analyse the information asymmetry as a source of inefficiencies to the Brazilian Power Industry. This article focuses on the currently adopted prices formation model based on operation costs minimization without price bidding. We show that the use of adverse selection, by...
Persistent link: https://www.econbiz.de/10005085893
The reform process that the Brazilian electric industry has been undergoing since the mid 90’s suffered a great inflection after the energy rationing of 2001 and the financial crisis of 2002 that followed it. The privatization programs initiated in the previous decade were suspended, which led...
Persistent link: https://www.econbiz.de/10005056707
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 … improve the firm’s performance with respect to its own past results; nevertheless, investment was insufficient to raise …
Persistent link: https://www.econbiz.de/10005685243
This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser's...
Persistent link: https://www.econbiz.de/10010330422
Persistent link: https://www.econbiz.de/10001568727
Persistent link: https://www.econbiz.de/10001695836
Persistent link: https://www.econbiz.de/10001716358
same objective by offering the Municipalities a commitment contract at no extra cost. Finally, the Central Government …
Persistent link: https://www.econbiz.de/10011748872
This paper tries do motivate the discussion of evaluation problems in the context of social programs. Initially, the text explores the point of view that social programs should be recognized as complex organizations. In the case, there are multiple objectives, decentralization, and coordination...
Persistent link: https://www.econbiz.de/10012156022