This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence from Argentina, Colombia and Chile, we find that private financing of new highways freed up fewer public resources than expected because public funds were often diverted to bail...

This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence from Argentina, Colombia and Chile, we find that private financing of new highways freed up fewer public resources than expected because public funds were often diverted to bail...

This paper examines the premises under which the privatization of Chilean social services of 1981 was carried out. Reformers expected that competition between providers would ensure a more efficient supply of services, and shifting decisions to households would guarantee a better satisfaction of...