The paper discusses how conflicts between the multiple objectives of policymakers (efficiency, equity, fiscal, speed of reform, signaling...) can influence the optimal design of concessions contracts for network services in infrastructure. The discussion covers the relevance of information...

A variety of proposals for creating more competition within the railroad sector are under consideration in countries throughout the world. Brazil, though something of latecomer to wider infrastructure reform, has recently taken large steps in restructuring its railroad system. This paper...

The paper uses the analysis of the main regulatory problems in Argentina’s privatised railways to illustrate the importance of regulatory processes for the long run sustainability of privatisation strategies. Although many of the conflicts have been magnified by the recent crisis, we...

This paper presents a basic assessment of the financial performance of infrastructure service operators in developing countries. It relies on a new database of 120 companies put together to track the evolution of the cost of capital, the cost of equity and the return to equity for electricity,...

This paper addresses the relationship between the design of incentives to firms under regulation, mainly the rule for adjusting tariffs, and trade balance performance of the country. We also explore whether this relationship is relevant or not for a typical developing economy like Argentina. We...