Institutional Reforms in the Electricity Sector (original) (raw)

AI-generated Abstract

The paper examines the institutional reforms in the Chilean electricity sector, focusing on the efficiency of the pre-reform period, necessary changes for post-reform efficiency, and the actual implementation of the reforms. It highlights the impact of privatization on property rights, market structure, transaction costs, information asymmetries, and externalities, concluding that while privatization led to some efficiencies, it also created significant challenges related to regulation and market competition.