La desregulación de la comercialización de electricidad en Inglaterra y Gales

A partir de 1995, las autoridades regulatorias de Reino Unido han comenzado un proceso de introducción de competencia para ventas minoristas de electricidad. Esta política demandó un gran esfuerzo de organización por parte de los agentes de sistema, cuyos costos de lanzamiento se estiman en alrededor de 500 millones de libras. El presente reporte, en primer lugar, describe el programa de apertura llevado a cabo y evalúa los efectos de la apertura sobre el funcionamiento del sector y los niveles de bienestar de distintos estratos sociales de la población. Finalmente, del estudio de la experiencia británica se pueden extraer lecciones para la implementación futura de similares medidas en otros países.desregulación; comercialización de electricidad;

Efficiency in Water and Sanitation Sector. A Survey on Empirical Literature

In this paper, it was made an exhaustive survey of the literature related with cost and production frontiers in the water and sanitation sector. The survey shed light in order to determine the variables to choose in the model to be estimated in a further empirical estimation developed for the Latin American Region by the authorsfrontiers; water and sanitation sector; empirical estimation

Are There Cost Differences in the Argentinean Pension Fund Industry? An Efficiency Frontier Analysis

The purpose of this paper is to study the existence of differences in costs between pension fund administrators (PFAs) through the estimation of an econometric cost frontier for Argentina. Like in other eleven Latin American, and some other Central Asian and Eastern Europe countries, the social security has been privatized, and the individual accounts of defined contribution plans are managed by PFAs. The issue is relevant because of its potential regulatory implications. Cost savings (efficiency gains) could be passed-through to contributors, increasing their pension funds (that is, their pensions at retirement). The concept is applied to utilities’ regulation in countries where price-caps are applied, and an X-factor is set by the regulator to distribute the efficiency gains, but it is not the practice in privatized social security systems. In Argentina a price-cap has been introduced in pension funds markets since a 2007 reform. Though it allows the regulator to modify that cap, in doing that no provision was established for a technically acceptable methodology. We show that the use of efficiency frontiers could fill the gap, because it provides a technical tool to help in that key resource allocation decision. From the empirical work, it is found that there are important differences in efficiency among PFAs. This gives some clues to the regulator for implementing sector policies.pension fund; Efficiency Frontier Analysis

A Benchmarking Exercise on Latin American Water Util

The aim of this study is to estimate both stochastic and mathematical programming cost functions and frontier studies with the ADERASA’s database. ADERASA is a Latin American association of water regulators, which has done a systematic effort on data collection. Econometric and DEA techniques were employed here. This study fills a gap on the understanding of relative efficiency in the Latin American water sector., through a consistent database. Firstly we present a survey of the empirical literature related with cost and production frontiers in the water and sanitation sector. The survey shed light in order to determine the variables to choose in the models to be estimated. Secondly, some models were estimated, differing each other on the specification, and the environmental variables included. The results are satisfactory, with the expected signs and plausible values for the coefficients. Some consistency between methodologies was found.Benchmarking; cost functions; frontier; stochastic model; ADERASA

A Declarative Semantics for CLP with Qualification and Proximity

Uncertainty in Logic Programming has been investigated during the last decades, dealing with various extensions of the classical LP paradigm and different applications. Existing proposals rely on different approaches, such as clause annotations based on uncertain truth values, qualification values as a generalization of uncertain truth values, and unification based on proximity relations. On the other hand, the CLP scheme has established itself as a powerful extension of LP that supports efficient computation over specialized domains while keeping a clean declarative semantics. In this paper we propose a new scheme SQCLP designed as an extension of CLP that supports qualification values and proximity relations. We show that several previous proposals can be viewed as particular cases of the new scheme, obtained by partial instantiation. We present a declarative semantics for SQCLP that is based on observables, providing fixpoint and proof-theoretical characterizations of least program models as well as an implementation-independent notion of goal solutions.Comment: 17 pages, 26th Int'l. Conference on Logic Programming (ICLP'10

Relative efficiency of Argentinean airports

The main objectives of this paper are to measure the relative efficiency of Argentinean airports, and to infer possible regulatory consequences of the results. We pay attention to regional differences that could help the regulator in its task. At the same time, we try to determine which “environmental” variables (in the sense of particular conditions which are specific to different sets of airports) affect the relative efficiency of different airports. Since 1997, most of the airports were privatized, by means of concessions contracts. Of the DEA analysis we derive two broad conclusions. Firstly, significant differences in efficiency are prevalent in Argentinean airports. Secondly, best-practice calculations indicate that much of the Argentinean airports operate at a high level of efficiency during the period. Therefore, the overall conclusion is that Argentinean airports are mixed managed during the period as far as technical efficiency is concerned. Moreover, dimension makes a difference and therefore, some airports have decreasing returns to scale, while others have increasing returns to scale.efficiency; airports; Argentina

Efficiency in Saving Infant Lives: the Influence of Water and Sanitation Coverage

In this paper, we aim to assess the relationship between water and sanitation coverage and saved infant lives. Our hypothesis is that extended coverage implies measurable results in terms of reduced infant mortality. Moreover, we suspect that with the same resources, ceteris paribus, different countries can achieve better or worst results depending on the efficiency which the resources are used. We explore the policy consequences, simulating the effects that improvements in efficiency can yield in terms of the reduction in child mortality. Our approach is first to explore with a database of Latin American countries the "production function" of survivor infants on 1,000 births. Once we identify the causal relationship with an econometric model, we estimate a production frontier with Data Envelopment Analysis in order to determine the best performers: countries which can do better with the same "inputs". Finally, we simulate the consequence of catching up to the frontier in each country. The impressive quantitative results are interesting for policy concerns, since efficiency is reconciled with equity (in the sense that the winners of the coverage increases and the health improvements are the poorer).water; sanitation; health

A Transformation-based Implementation for CLP with Qualification and Proximity

Uncertainty in logic programming has been widely investigated in the last decades, leading to multiple extensions of the classical LP paradigm. However, few of these are designed as extensions of the well-established and powerful CLP scheme for Constraint Logic Programming. In a previous work we have proposed the SQCLP (proximity-based qualified constraint logic programming) scheme as a quite expressive extension of CLP with support for qualification values and proximity relations as generalizations of uncertainty values and similarity relations, respectively. In this paper we provide a transformation technique for transforming SQCLP programs and goals into semantically equivalent CLP programs and goals, and a practical Prolog-based implementation of some particularly useful instances of the SQCLP scheme. We also illustrate, by showing some simple-and working-examples, how the prototype can be effectively used as a tool for solving problems where qualification values and proximity relations play a key role. Intended use of SQCLP includes flexible information retrieval applications.Comment: 49 pages, 5 figures, 1 table, preliminary version of an article of the same title, published as Technical Report SIC-4-10, Universidad Complutense, Departamento de Sistemas Inform\'aticos y Computaci\'on, Madrid, Spai