Regulation of Privatized Utilities: the Chilean Experience
Author
dc.contributor.author
Bitrán, Eduardo
Author
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Serra, Pablo
Admission date
dc.date.accessioned
2017-12-05T19:47:03Z
Available date
dc.date.available
2017-12-05T19:47:03Z
Publication date
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1998
Cita de ítem
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World Development 26 (6): 945-962 1998
es_ES
Identifier
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0305-750X
Identifier
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https://repositorio.uchile.cl/handle/2250/146036
Abstract
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The privatization of Chile's public utilities has led to substantial new investment and improvements in internal efficiency. However, the limited information available to regulators, combined with their insufficient technical capacity, have combined to prevent efficiency increases being fully passed on to consumers in price reductions. In fact, drastic price cuts have occurred only where competition has emerged, so achieving competition wherever possible should be the main policy goal. Competition can be enhanced by either modifying existing regulations, as happened in long-distance telecommunications, or by a more active anti-trust policy. To achieve this, the regulatory institutions clearly need strengthening.