Fernando H. Navajas Additional contact information Fernando H. Navajas: Universidad Nacional de La Plata - Fundación de Investigaciones Económicas Latinoamericanas
Abstract:
Macroeconomic crises in Argentina put public utility pricing under stress giving way to a cycle in real rates with changes in price structures in several dimensions. We summarize some stylized facts and then work on a simple model of public economics that can be used to represent observed phenomena in analytical terms. Some differences or delays in the current pattern of behavior are shown to depend on a relaxation of profit and budget constraints.