One of the critiques to the regulatory framework of the Chilean electricity sector is the lack of flexibility for regulated prices (nodal prices) to adapt to changes in supply and demand. We develop a simple model to estimate welfare losses when using uni

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

This study presents the competition beyond a single product market where a multi-product firm competes with monoproduct rivals through the use of different bundling strategies that impact the firms' incentives to make quality improvements in different ways. The pure bundling strategy can make...

This paper evaluates the main measures that have been used to regulate the interconnection prices in the telecommunication sector. We show that many of the regulations that are applying the vast majority of countries have very little theoretical support, and we identify the restrictions that...

This study presents the competition beyond a single product market where a multi-product firm competes with monoproduct rivals through the use of different bundling strategies that impact the firms' incentives to make quality improvements in different ways. The pure bundling strategy can make...