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Fischer's classic (1974) paper develops conditions under which it is appropriate to use money as an input in a 'delivered' production function. In this paper, we extend Fischer's model I (the Baumol-Tobin inventory approach) by incorporating credit into the analysis. Our investigation of the exte...


Betancourt, RogerKiguel, Miguel[Are Financial Variables Inputs in Delivered Production Functions?]Are Financial Variables Inputs in Delivered Production Functions?

Riveros, Luisa A.[Labor Market Mal-Adjustment in Chile; Structural Economic Reforms and Friction among Sub-Markets]Labor Market Mal-Adjustment in Chile; Structural Economic Reforms and Friction among Sub-Markets

Jadresic, Alejandro[Measurement of Welfare Losses Arising from Tax Restrictions on Trade and Foreign Investment]Measurement of Welfare Losses Arising from Tax Restrictions on Trade and Foreign Investment

Jung, Woo S.Quddus, Munir[Economic Development and Population Growth. International Evidence]Economic Development and Population Growth. International Evidence

Mexico recently adopted antitrust legislarion modeled after that in the European Union and the United States. The law established an enforcement agency, the Federal Competition Commission. and gave it the fundamental task of preserving economic reforms. Accordingly, the agency initiated a vigorou...


Rodríguez, Armando E.Williams , Mark D.[Economic Liberalization and Antitrust in México]Economic Liberalization and Antitrust in México

We analyzed a hypothesis suggesting that the newly privatized firms in Chile produced little if any important advantages as they would have performed poorly once privatized and the hypothesis that the regulatory problems were the consequence of obvious mistakes that could have easily be avoided. ...


Paredes, Ricardo[Evaluating the Cost of Bad Regulation in Newly Privatized Sectors: The Chilean Case]Evaluating the Cost of Bad Regulation in Newly Privatized Sectors: The Chilean Case

Currently. one of the most active fields in microeconomics is the Economics of Regulation and one of the distinctive features of this dynanism is that it has occurred both at the theoretical and empirical level. However, the main reason why regulation has become a major topic in the present situa...


Paredes, RicardoSanchez, José M.Fernández, Arturo[Privatización y Regulación en Latinoamérica]Privatización y Regulación en Latinoamérica

In response to the recent wave of privatization and regulation of monopolies in developing countries, this paper evaluates the impact of different regulatory schemes on private sector behavior in the telecommunications sector in seven countries. It shows that regulation is most effective (as evid...


Galal, AhmedNauriyal, Bharat[Regulation of Telecom in Developing Countries: Outcomes, Incentives and Commitment]Regulation of Telecom in Developing Countries: Outcomes, Incentives and Commitment

In the 1970s, economists generally advocated deregulation under competitive conditions but had little to say about privatization or methods of monopoly regulation. Largely reflecting innovations in all these policy areas, economists have generally raised their estimates of the benefits of privati...


Schmalensee, Richard[What Have We Learned about Privatization and Regulatory Reform?]What Have We Learned about Privatization and Regulatory Reform?

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