Utility Privatization and Regulation

Ugaz, Cecilia; Price, Catherine Waddams

doi:10.4337/9781781951316

Cited by 31 publications

(16 citation statements)

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“…In the case of telephone services, given the lower earlier coverage, the network expansion benefited mainly the upper and middle classes. Ugaz and Price (2003) confirm this tendency of relative improvement of poor customer's access. However, the deficit of connections continues to be high especially for sanitation services in urban areas and for all services in rural areas.…”

Section: Existing Empirical Research On the Redistribution Effects Ofsupporting

confidence: 70%

“…In a general overview Ugaz and Waddams Price (2003) confirm that in LA utilities' tariffs increased very frequently and this affected the poor more, even if increased access data may suggest a more positive evaluation. The evidence, according to these authors, raises the question of the distributive impact of privatization on utilities and the effectiveness of regulation to protect poor consumers from monopoly power in most countries in Latin America.…”

Section: Existing Empirical Research On the Redistribution Effects Ofmentioning

confidence: 84%

“…As a result of this tariff rebalancing, the pre-existing low-income customers and especially the poor were penalized with substantive losses in the consumer's surplus. People in the bottom deciles of the income distribution suffer more intensively in absolute and relative (to their income) terms (Ugaz and Price, 2003).…”

Section: Existing Empirical Research On the Redistribution Effects Ofmentioning

confidence: 99%

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Privatization Discontent and it's Determinants: Evidence from Latin America

Florio

Grasseni

2003

SSRN Journal

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Privatization Discontent and Its Determinants:Evidence from Latin AmericaPrivatization policy faces increasing popular opposition in Latin America. After a discussion of recent empirical literature on this topic, we ask two simple questions: Who are the people most dissatisfied with privatization? and: Why are they dissatisfied? To answer, we use social attitudes combined with objective controls at country level. The former include the results of three waves of Latinobarometro surveys (51,635 observations, 1998, 2000 and 2002, in 17 countries). The latter include privatization data and macroeconomic variables. The data on country-specific experiences of privatization come from two different data-set. One data set exploits information about 340 divestitures occurred in Latin American countries, over the period 1990-2001. The second includes 923 infrastructure projects with private participation (including divestitures, concessions and other contracts) over the period [1984][1985][1986][1987][1988][1989][1990][1991][1992][1993][1994][1995][1996][1997][1998][1999][2000][2001][2002]. We test several empirical models and we find that disagreement with privatization is most likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, in countries where there is high inequality of incomes. A robust non-linear relationship between socio-economic status and dissatisfaction with privatization suggests that particularly middle-to-low income households, with a median level of nine years of education, perceive to have suffered from privatization. While misperceptions cannot be ruled out, this result is broadly consistent with recent empirical research in Latin America that points to distributional concerns in the implementation of privatization policy because of tariff rebalancing not adequately addressed by policy makers and regulators.JEL Classification: H32, G14, L33

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Section: Existing Empirical Research On the Redistribution Effects Ofsupporting

confidence: 70%

Section: Existing Empirical Research On the Redistribution Effects Ofmentioning

confidence: 84%

Section: Existing Empirical Research On the Redistribution Effects Ofmentioning

confidence: 99%

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Privatization Discontent and it's Determinants: Evidence from Latin America

Florio

Grasseni

2003

SSRN Journal

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“…Moreover few countries have already organized the much anticipated tariff revisions needed to pass though some of the efficiency gains to the users and few if any of the unscheduled tariff revisions organized in the context of contract renegotiations have managed to do so effectively. This is well documented for Latin America Ugaz and Waddams-Price, 2003) and there is increasing evidence that this was also an issue in the context of reforms in Africa (Estache, 2004) and to some extent in Eastern Europe (Alam et al, 2005). The adjustment adopted by many countries has been the decision to continue or scale up the subsidies to large segments of the population.…”

Section: To What Extent Were the Promises Met?mentioning

confidence: 92%

PPI Partnerships vs. PPI Divorces in LDCs

Estache

2006

Rev Ind Organ

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In the last 15 years, a variety of public private-partnerships in infrastructure have been adopted throughout the developing and transition world. Because many of these experiences are also turning sour, it seems important to separate facts from emotions. The paper argues that the wide differences in interpretations of the facts can be explained by differences in the assessment criteria used to assess the incremental effect of reforms. It is also driven by the sectors, the regions and the actors on which the analysis tends to focus. Copyright Springer 2006infrastructure privatization, regulation,

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“…The evidence presented in Ugaz and Waddams Price (2003) shows that prices of the three utilities have often risen, adversely affecting low-income groups more than others. Even in the case of telecommunications, where allegedly with the presence of mobile phones the possibility of competition increases, surplus losses have been observed.…”

Section: The Evolution Of Tariffs and Consumer Surplusmentioning

confidence: 99%

Consumer participation and pro-poor regulation in Latin America

Ugaz¹

2003

Utility Privatization and Regulation

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In spite of not being 'public goods' in the strict sense of the term, public provision has been a common way of supplying utilities services around the world. Among the major reasons underlying the dominant position of the public sector as the provider of infrastructure are the recognition of the economic and political importance of infrastructure for development, and the faith that government provision could offset market failures characterizing the utilities market. However, under public provision, universal access to the services remained elusive, with large sectors of the population being excluded. At the same time, the financing of services became a heavy burden on government budgets. As documented elsewhere in the research project, a major move towards privatization started in Latin America in the 1980s and early 1990s following the pioneering experiences of Chile's and the UK's infrastructure reform.

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Utility Privatization and Regulation

Cited by 31 publications

References 0 publications

Privatization Discontent and it's Determinants: Evidence from Latin America

Privatization Discontent and it's Determinants: Evidence from Latin America

PPI Partnerships vs. PPI Divorces in LDCs

Consumer participation and pro-poor regulation in Latin America

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