Regulation in a context of limited competition: A port case

Enzo Defilippi, Lincoln Flor

Research output: Contribution to journalArticle in a journalpeer-review

13 Scopus citations


This paper explains the rationale of the regulatory framework developed by the Peruvian regulator for transport infrastructure, using the 2004 Price Review at Matarani port as an illustration. This framework is worth analyzing for several reasons: (i) it ensures that prices are regulated only where competition cannot be introduced; (ii) the regulatory framework is common to all transport infrastructures; (iii) experience in port regulation using RPI-X methodology is scarce; and (iv), the market is characterized by low levels of demand and limited competition. In addition, he results of the price review suggest that in contexts characterized by institutional limitations and limited competition, estimation of a retrospective X factor using the TFP technique is recommendable. Likewise, if the industry is dominated by state-owned firms, the X factor should be estimated using data from the concessionaire rather than from the industry. Other recommendations are also formulated.
Original languageEnglish
Pages (from-to)762-773
Number of pages12
JournalTransportation Research Part A: Policy and Practice
Issue number5
StatePublished - 1 Jun 2008
Externally publishedYes


  • Access
  • Concessions
  • Limited competition
  • Port economics
  • RPI-X
  • Regulation


Dive into the research topics of 'Regulation in a context of limited competition: A port case'. Together they form a unique fingerprint.

Cite this