The purpose of this paper is to study the existence of differences in costs between pension fund administrators (PFAs) through the estimation of an econometric cost frontier for Argentina. Like in other eleven Latin American, and some other Central Asian and Eastern Europe countries, the social...

During the last decade, Argentina has faced an extended process of reform of the Pension System. It had been implemented a mixed system with a private funds scheme (PFS) and a new public pay-as-you-go system. The PFS was based on personal contributions; it addressed the effect of demographic...

“High-power” regulatory regimes were adopted in most of the reformed electricity distribution sectors. In particular, in a price cap regime with a RPI-X rule, it is commonly used a benchmarking exercise based on efficiency frontier estimations to determine X factors. DEA is a widely used...

In this paper, it was made an exhaustive survey of the literature related with cost and production frontiers in the water and sanitation sector. The survey shed light in order to determine the variables to choose in the model to be estimated in a further empirical estimation developed for the...

This paper describes the procedures established by the present regulation for high-tension network expansions, studies its optimality and points its main problems. According to the present regulatory scheme, the decision to expand the high-tension network system is on the hands of the private...

During the 1990s, in most regions of the world, governments restructured their infrastructure sectors to facilitate some form of private participation in the operation and financing of the sector. These reforms, generally associated with other macroeconomic reforms which included the...

A principios de la década de los noventa en la Argentina se realizó un profundo cambio en el sector eléctrico, pasando a un sistema más descentralizado y con mayor participación privada. Desde ese momento a la actualidad, se ha observado una creciente cantidad de agentes que actúan en el...

A partir de 1995, las autoridades regulatorias de Reino Unido han comenzado un proceso de introducción de competencia para ventas minoristas de electricidad. Esta política demandó un gran esfuerzo de organización por parte de los agentes de sistema, cuyos costos de lanzamiento se estiman en...

El objetivo del presente reporte es analizar los casos de fusiones y adquisiciones de empresas del sector eléctrico que se han registrado en sistemas ya desregulados total o parcialmente. Para ello, se investigan los fundamentos utilizados por las agencias reguladoras y de defensa de la...

En este trabajo, abordamos en primer lugar el problema de la interacción entre las políticas regulatorias y de defensa de la competencia en relación a la potencial implementación del mecanismo regulatorio de competencia por comparación en el sector de distribución eléctrica en Argentina....