Showing 1 - 5 of 5
This paper provides a "back-of-the-envelope" assessment of the efficiency effects of the reforms of the water sector in Argentina. Private operators are now key players in 15 of Argentina's provinces. While all have adopted incentive based regulatory regimes which require estimates of economic...
Persistent link: https://www.econbiz.de/10011011400
The recent financial problems are certainly partly due to the complexity of the standards used to value financial instruments, and to the difficulty met by regulatrs and accounting companies to verify the accounts of banks and other financial institutions. We sketch the main standards used and...
Persistent link: https://www.econbiz.de/10011011558
This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads...
Persistent link: https://www.econbiz.de/10008590096
Privatization has increased the number of players in the decision-making process for major transport investment decisions. The main argument of this paper is that this fragmentation is creating opportunities for strategic decision-making by each actor and that this is particularly obvious in the...
Persistent link: https://www.econbiz.de/10008590441
In reviewing contracts, establishing price limits, or arbitrating conflicts, regulatory agencies and policy advisors face significant information asymmetry in determining the appropriate allowed rate of return, or discount rate. The information gap is especially important in determining the...
Persistent link: https://www.econbiz.de/10008574519