Artículo de revista
Regulation of Privatized Utilities: the Chilean Experience
Fecha
1998Registro en:
World Development 26 (6): 945-962 1998
0305-750X
Autor
Bitrán, Eduardo
Serra, Pablo
Institución
Resumen
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.