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Regulación para Crisis de Abastecimiento: Lecciones del Racionamiento Eléctrico en Chile

Author

Listed:
  • Rómulo Chumacero
  • Ricardo Paredes
  • José Miguel Sánchez

    () (Instituto de Economía)

Abstract

A key characteristic of regulatory schemes in Latin America is its virtual absence of mechanisms for coping with outages in the supply of public utilities. This paper presents such a mechanism, which has the advantage of being complementary to the medium

Suggested Citation

  • Rómulo Chumacero & Ricardo Paredes & José Miguel Sánchez, 2000. "Regulación para Crisis de Abastecimiento: Lecciones del Racionamiento Eléctrico en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(111), pages 323-338.
  • Handle: RePEc:ioe:cuadec:v:37:y:2000:i:111:p:323-338
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    File URL: http://www.economia.uc.cl/docs/111sanca.pdf
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    References listed on IDEAS

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    1. Anderson, Roland & Taylor, Lewis, 1986. "The social cost of unsupplied electricity : A critical review," Energy Economics, Elsevier, pages 139-146.
    2. Hung-po Chao & Stephen Peck, 1997. "An Institutional Design for an Electricity Contract Market with Central Dispatch," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 85-110.
    3. Chao, Hung-po & Wilson, Robert, 1987. "Priority Service: Pricing, Investment, and Market Organization," American Economic Review, American Economic Association, pages 899-916.
    4. Vickrey, William, 1992. "Efficient pricing of electric power service : Some innovative solutions," Resources and Energy, Elsevier, pages 157-174.
    5. Pablo Serra & Gabriel Fierro, 1996. "Outage Cost in Chilean Industry," Documentos de Trabajo 10, Centro de Economía Aplicada, Universidad de Chile.
    6. Beenstock, Michael, 1991. "Generators and the cost of electricity outages," Energy Economics, Elsevier, pages 283-289.
    7. Roger E. Bohn & Michael C. Caramanis & Fred C. Schweppe, 1984. "Optimal Pricing in Electrical Networks over Space and Time," RAND Journal of Economics, The RAND Corporation, pages 360-376.
    8. Wilson, Robert B, 1989. "Efficient and Competitive Rationing," Econometrica, Econometric Society, vol. 57(1), pages 1-40, January.
    9. Serra, Pablo & Fierro, Gabriel, 1997. "Outage costs in Chilean industry," Energy Economics, Elsevier, pages 417-434.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. José Miguel Benavente & Alexander Galetovic & Ricardo Sanhueza & Pablo Serra, 2004. "Estimando la demanda residencial por electricidad en Chile: a doña Juanita le importa el precio (Calculating the residential demand for electricity in Chile: Mrs. Jones does care about the price)," Documentos de Trabajo 192, Centro de Economía Aplicada, Universidad de Chile.
    2. Claudio Agostini & Cecilia Plottier & Eduardo Saavedra, 2009. "La Demanda Residencial por Energía Eléctrica en Chile," ILADES-Georgetown University Working Papers inv240, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    3. Claudio Agostini & M. Cecilia Plottier & Eduardo Saavedra, 2012. "Residential Demand for Electric Energy in Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, pages 64-83.
    4. Pacheco, Francisca & Sanchez, Rafael & Villena, Mauricio, 2014. "A Longitudinal Parametric Approach to Estimate Local Government Efficiency," MPRA Paper 54918, University Library of Munich, Germany.
    5. José Miguel Benavente & Alexander Galetovic & Ricardo Sanhueza & Pablo Serra, 2005. "Estimando la Demanda Residencial por Electricidad en Chile: El Consumo es Sensible al Precio," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., pages 31-61.
    6. Juan Pablo Montero & Hugh Rudnick, 2001. "Precios Eléctricos Flexibles," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., pages 91-109.
    7. Alexander Galetovic & Juan Carlos Olmedo & Humberto Soto, 2002. "Una estimación del costo social de eliminar los déficit de abastecimiento eléctrico en el SIC," Documentos de Trabajo 129, Centro de Economía Aplicada, Universidad de Chile.

    More about this item

    Keywords

    Electricity; regulation; rationing; electricity shortage;

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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