Recent Submissions

  • La Privatización de Reservas en el Sector Hidrocarburífero. El Caso de Argentina 

    Gadano, Nicolás; Sturzenegger , Federico (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    Between 1989 and 1993 Argentina privatized its production and exploration of hydrocarbons. In the process several mechanisms were used. Some of the reserves were privatized through competitive auctions. We show, in an ...
  • Concesiones de Carreteras: Recomendaciones para el Caso Peruano 

    Bonifaz, José Luis (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    The purpose of this work is to present some recommendations regarding the concession of roadways to take place in Peru in the coming years. The Road Systems Concessions Program's scheme comprises the granting of approximately ...
  • Policy Rules and Bidding Behaviour in the Ethiopian Foreign Exchange Auction 

    Aron, Janine (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    Ethiopia adopted a repeated Dutch auction for foreign exchange in May, 1993, for dedicated imports by the private and the state sectors. Various African countries with rudimentary financial systems and thin foreign exchange ...
  • Infrastructure Franchising and Government Guarantees 

    Engel, Eduardo; Fischer, Ronald; Galetovic, Alexander (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    Government guarantees for private infrastructure projects reduce the incentives of firms to perform efficiently, weaken the incentives to screen projects for white elephants, and shift government obligations to future ...
  • Bidding for Concessions 

    Klein, Michael (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    Privatization of infrastructure ventures in sectors such as energy, telecommunications, transport and water has become popular over the last decade. Often �for good or bad reasons- private firms are given monopoly franchises ...
  • Four Issues in Auctions and Market Design 

    McAfee, R. Preston (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    Market designs concerns creation of transaction rules, effectively an automated intermediary. I extend the work of Vives (1998), finding that, for moderately sized auction markets, coordination is more important than ...
  • Private Participation in Infraestructure: Considerations for Colombia 

    Von Gersdorff, Hermann; Gray, Philip (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    This paper provides an analysis of issues the Colombian government faces with regard to increasing private participation in infrastructure. Although Colombia has ambitious plans for private participation in infrastructure ...
  • Renegotiating Incomplete Contracts: Over and Under-Investment in Public Infraestructure 

    Saavedra, Eduardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 1998)
    This paper characterizes the equilibria of infrastructure franchising under incomplete contracting and ex�post renegotiation. The parties (government and a firm) are unable to credibly commit to the contracted investment ...

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