balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs …

process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This notsignificant effect of product innovation contrasts with evidence of studies for other countries. However, the …