Now showing items 1-16 of 16

    • A Note on Enforcement Spending and VAT Revenues 

      Engel Goetz, Eduardo; Galetovic Potsch, Alexander; Raddatz, Claudio E. (The MIT Press, 2001)
      Tax compliance studies usually focus on the effect of enforce-ment spending on tax evasion. Reliable estimates are difficult to obtain because evasion data are often suspect. This note shows how tax revenues can be used ...
    • THE BASIC PUBLIC FINANCE OF PUBLIC–PRIVATE PARTNERSHIPS 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (European Economic Association, 2013-02)
      Publicprivate partnerships (PPPs) have been justified because they release public funds or save on distortionary taxes. However, the resources saved by a government that does not finance the upfront investment are offset ...
    • Could higher taxes increase the long-run demand for capital? Theory and evidence for Chile 

      Bustos, Alvaro; Engel Goetz, Eduardo; Galetovic Potsch, Alexander (Elsevier, 2004)
      On theoretical grounds alone, there is no a priori reason why higher taxes should reduce the desired capital stock, since a tax increase reduces marginal returns but also increases depreciation and interest payment allowances. ...
    • ¿Cómo Licitar una Concesión Vial Urbana? 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (Centro de Estudios Públicos, 1997)
      En este trabajo se analiza la licitación de concesiones viales urbanas argumentándose que las predicciones de tráfico son aún más imprecisas que en el caso interurbano y que es deseable que el mecanismo de licitación permita ...
    • La dinámica industrial y la financiación de las PYMEs 

      Benavente, José Miguel; Galetovic Potsch, Alexander; Sanhueza, Ricardo (Fondo de Cultura Económica, 2005)
      Las pequeñas y medianas empresas (PYME) pagan más que las empresas grandes por su financiación, se les exigen garantías, se las financia a plazos cortos y muchas no se pueden endeudar. Se cree que estas son fallas de mercado ...
    • Estimando la demanda residencial por electricidad en Chile: El Consumo es Sensible al Precio 

      Benavente, José Miguel; Galetovic Potsch, Alexander; Sanhueza, Ricardo; Serra Banfi, Pablo (Pontificia Universidad Católica de Chile, Instituto de Economía, 2005)
      We estimate the demand for electricity by households in Chile. We use a monthly panel of 18 distribution companies, which starts in January 1995 and runs through december 2001. The one-month price elasticity of demand ...
    • Highway franchising and real estate values 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (ACADEMIC PRESS INC ELSEVIER SCIENCE, 2005-05)
      It has become increasingly common worldwide to auction the construction and operation of new highways to the bidder that charges the lowest toll. The resulting highway franchises often entail large increases in the value ...
    • Highway franchising: pitfalls and opportunities 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (American Economic Association, 1997)
      We build a conceptual framework to analyze the virtues and limitations of alternative mechanisms that can be used to auction a highway. We argue that current mechanisms, which fix the term of the franchise, create unnecesary ...
    • How to Auction a Bottleneck Monopoly when Underhand Vertical Agreements are Possible 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (Wiley, 2004)
      A seaport is awarded in a Demsetz auction to the operator bidding the lowest cargo-handling fee. The competitive auction is irrelevant if the port operator integrates into shipping and sabotages competitors, thus providing ...
    • Least‐present‐value‐of‐revenue auctions and highway franchising 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (The University of Chicago Press, 2001)
      In this paper we show that fixed-term contracts, which are commonly used to franchise highways, do not allocate demand risk optimally. We characterize the optimal risk-sharing contract and show that it can be implemented ...
    • Nota tecnica 1: Transmisión electrica y la "Ley corta": una nota sobre riesgo y la tasa de descuento 

      Galetovic Potsch, Alexander (Universidad de Chile. Facultad de Economía y Negocios, 2002-12)
      This paper studies the determinant of the appropriate rate to fix transmission tolls. I develop a simple model that allows to decompose it in the sum of the risk-free rate and a risk premium. There are two general ...
    • On the causes of inflation: a brief introduction to the strategic theory 

      Galetovic Potsch, Alexander (Universidad de Chile. Facultad de Economía y Negocios, 1993-12)
      This note is a brief introduction to the strategic theory of inflation initiated by Barro and Gordon (1983a). The discussion is organized around the question of which are the causes of inflation according to the strategic ...
    • Privatizing highways in the United States 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (SPRINGER, 2006-09)
      We review the experience of both private toll-roads built in the United States during the 1990s, and argue that the problems they encountered could have been avoided if the length of the franchise contract would adapt to ...
    • Renegociación de Concesiones en Chile 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander; Hermosilla, Manuel (Centro de Estudios Públicos, 2009)
      Este trabajo describe en forma sistemática los montos renegociados en las 50 concesiones cuyos datos han sido publicados por el MOP en su página web. Su principal conclusión es que las renegociaciones son frecuentes y ...
    • Soft budgets and renegotiations in public-private partnerships: theory and evidence 

      Engel Goetz, Eduardo; Fischer Barkan, Ronald; Galetovic Potsch, Alexander (Universidad de Chile, Facultad de Economía y Negocios, 2015-07)
      Public-private partnerships (PPPs) are an increasingly popular organizational form of providing public infrastructure. They can increase e ciency and improve resource allocation, yet pervasive contract renegotiations ...
    • Transmisión eléctrica y la "ley corta": una nota sobre riesgo y la tasa de descuento 

      Galetovic Potsch, Alexander (Universidad de Chile. Departamento de Economía, 2002-12)
      Esta nota estudia los determinantes de la tasa apropiada para fijar peajes de transmisión. Para ello se desarrolla un modelo simple que permite descomponerla en una suma de la tasa libre de riesgo y el premio por ...