We examine the privatization of Chilean social services that began in 1981. We conclude that the reform has had a positive impact by providing competition to public providers (health and education) and insulation from political capture (pension funds). The major lesson, however, is that the full...

Este trabajo realiza una evaluación completa de la evolución, regulación, efectos sobre el bienestar, eficiencia y rentabilidad de los servicios públicos privatizados en Chile. Nuestra evaluación general es positiva. La inversión aumentó en los distintos sectores, lo que permitió mejorar...

This paper examines the behavior of a country that imposes a minimum standard on a good produced both by a domestic firm and by a foreign competitor, and where the latter also supplies its own market. Production costs rise with the standard, and the foreign firm incurs a fixed setup cost if it...

Desde su privatización, las empresas de telecomunicaciones han aumentado la cobertura de los servicios, así como su eficiencia interna. Luego de la desregulación de los servicios de larga distancia, las tarifas cayeron fuertemente y algo similar ocurrió con telefonía móvil, después de que...

In this study we analyze the Chilean privatization process as a whole. Since it has been a wide-ranging process, we examine its different aspects. After a historic review of the privatization pro-cess,we study the 37 Chilean State Owned Enterprises (SOE’s) that were privatized during the...

In several countries (Chile, Bolivia, Argentina and Peru, among others), power plants are dispatched according to merit order, i.e., based on the marginal operating costs of the plants. In this scheme, the plant with the highest marginal cost sets the spot price at which firms trade the energy...

During the past decade most Latin American countries reformed and liberalized their electric sectors. This paper examines these reforms, providing a critical examination of the effects. Late reformers learnt from the experience of earlier reforming countries, and in particular from the Chilean...

En este trabajo estimamos la demanda residencial por energía eléctrica con un panel de 18 distribuidoras de electricidad con datos mensuales entre enero de 1995 y diciembre de 2001.  La elasticidad—precio de la demanda residencial por energía eléctrica es -0 ,0548 en un mes y -0 ,39 en el...

Este trabajo evalúa la eficiencia del sistema tributario chileno. Se comienza mostrando que el sistema óptimo consta de un impuesto que grava los pagos al capital una vez descontado el ahorro neto del período que va a las empresas, y de un impuesto al trabajo una vez excluidos los gastos en...

This paper analyzes the optimal tax policy within an endoge-nous growth model with productive government spending. We consider a one-factor (human capital) one-good economy, with the latter serving both as a final and an intermediate good. The government levies taxes in order to finance the...