arrow checkmark code cross email facebook magnifier pdf phone plus twitter user youtube

Biblioteca

Publicado en: Documento de trabajo

End of the line: Railroads in Chile

Raimundo Soto.

Documento de Trabajo IE-PUC, Nº 391, 2010.

Abstract: Between 1860 and 1950, railroads in Chile were synonym of modernization, integration, and economic development. By the 1970s railroads were bankrupt and socially discredited, surviving out of government subsidies. By 2000, passenger services had disappeared but private sector freight operations were revitalized after swift reforms. We review the Chilean reforms and experience, focusing on regulation, public sector involvement and political interference, market entry, vertical integration, and externalities. Perhaps uniquely, two different forms of private sector participation in freight operations emerge after reforms: a vertically integrated, privatized railroad and a state-owned, open-access, concession system.

Keywords: Railways, divestiture, regulation, industrial organization

JEL: L92, L51, L43

 

Descargar documento