Chumacero, Rómulo; Paredes, Ricardo; Sánchez, José Miguel - In: Latin American Journal of Economics-formerly Cuadernos … 37 (2000) 111, pp. 323-338
A key characteristic of regulatory schemes in Latin America is its virtual absence of mechanisms for coping with outages in the supply of public utilities. This paper presents such a mechanism, which has the advantage of being complementary to the medium