Welcome to the website of Antonio Estache

vita, teaching and other things


Refereed Publications

Articles in peer reviewed journals

  1. “Shared Mandates, Moral Hazard and Political (Mis)alignment in a Decentralized Economy”, (2016), World Development, (with G. Garsous and R. Seroa da Motta)
  2. “’Efficiency and Equity Effects of Taxing the Financial Sector: Lessons from a CGE Model for Belgium” (2016), Finanz Archiv/Public Finance Analysis (with O. Chisari and G. Nicodeme
  3. “What if TTIP Changed the Regulation of Public Services? Lessons for Europe from Developing Countries” (2016), Reflets et perspectives de la vie économique (with C. Philippe), LV(3) pp59-73
  4. “Is the Belgian youth ready to save for retirement under a defined contribution pension system?” (2016), Reflets et perspectives de la vie économique (with S. De Cecco),LV(3), pp99-118
  5. “Financing infrastructure in developing countries” (2015), Oxford Review of Economic Policy, 31 (3-4): 279-304   (with T. Serebrisky and L. Wren-Lewis)
  6. “Is Belgium Overshooting in its Policy Support to Cut the Cost of Capital of Renewable Sources of Energy ?” (2015), Reflets et perspectives de la vie economique,LIV (1-2): 33-45 (with A.-M. Steichen)
  7. « La Taxation Directe Effective de l’Energie en Belgique. Pourquoi faire simple si on peut faire compliqué pour taxer peu ?”(2015), Reflets et perspectives de la vie economique  LIV (1-2): 47-57 (with V. Daxbek) )
  8.  “Public-Private Partnerships and efficiency: a short assessment” (2014), CESifo DICE Report (September), pp 8-13 (with S. Saussier)
  9. Impact potentiel de l’introduction d’un impôt alternatif minimum sur les entreprises en Belgique (2014), Reflets et perspectives de la vie economique, Vol.1 (with V. Daxbek), pp 63-85
  10. “How (un)even was the distribution of the impacts of Mali’s water privatization across stakeholders?”(2013), Journal of Development Studies, Volume 49 (4), April, pages 483-99 (with E. Grifell-Tatjé)
  11.  “Job creation through infrastructure investment in the Middle East and North Africa” (2013), World Development,  Volume 45, Pages 209-222 (with E. Ianchovichina, R. Foucart, G. Garsous and T. Yepes)
  12. “The Distributional Impact of Developed Countries’ Climate Change Policies on Senegal: A Macro-Micro CGE Application.” (2013) Sustainability 5(6): 2727-2750 (with D. Boccanfuso and L. Savard)
  13. “Quality or Price? Evidence from ODA-Financed Public Procurement” (2012), Public Finance Review, vol. 40(4), pages 435-469, July (with A. Iimi).
  14. The Impact of Infrastructure Spending  in Sub-Saharan Africa: A CGE Modeling Approach,” (2012),  Economics Research International, (with L. Savard and J.-F.Perrault)
  15. The trade balance effects of infrastructure services regulation” (2011), International Economics and Economic Policy,  (with O. Chisari, G. Lambardi and C. Romero)
  16.  “Bidders’ entry and auctioneer’s rejection: Applying a double selection model to road procurement auctions” (2011) Journal of Applied Economics , (with A. Iimi),  Universidad del CEMA, November, pp 199-223
  17. “ (Un)Bundling infrastructure procurement: evidence from water supply and sewage projects”, (2011),Utilities Policy(with A. Iimi)
  18.  “Theory and evidence on the economics of energy efficiency: Lessons for the Belgian building sector”,(2011)  Reflets et Perspectives de la Vie Economique, (with M. Kaufman)
  19. “The Intra-Country Distributional Impact of Policies to Fight Climate Change: A Survey”, (2011), Journal of Development Studies (with D. Boccanfuso and  L. Savard), Vol 47 (1), pp97-117
  20.  “Infrastructure finance in developing countries: An overview” (2010),  European Investment Bank Papers, Volume 15, No.  2, pp60-89
  21.  “Bidder Asymmetry in Infrastructure Procurement: Are There any Fringe Bidders?”, (2010) Review of Industrial Organization (with A. Iimi), Vol. 36, pp. 136-187.
  22. “Towards a Theory of Regulation for Developing Countries: Following Jean-Jacques Laffont’s Lead”, (2009), Journal of Economic Literature, (With L. Wren-Lewis), September 47(3):729-70
  23. “Joint Bidding, Governance and Public Procurement Costs: A case of road projects”,(2009) Annals of Public and Cooperative Economics,  (with A. Iimi), Volume 80 Issue 3, Pages 393 – 429
  24. A Macro-Micro Analysis of the Effects of Electricity Reform in Senegal on Poverty and Distribution,”Journal of Development Studies. (2009) Volume 45, no 3, pp351-375(with L. Savard and D. Boccanfuso)
  25. “Water reforms in Senegal: Distributional impact analysis”(2009), Journal of African Development (with L Savard and D. Boccanfuso)
  26.  “Electricity Reforms In Mali: A Macro-Micro Analysis Of The Effects On Poverty And Distribution,” (2009) South African Journal of Economics, Economic Society of South Africa, vol. 77(1), pages 127-147,  (with L Savard and D. Boccanfuso)
  27. “Multidimensionality and Renegotiation: Evidence from Transport-Sector PPP Transactions in Latin America”, (2009),  Review of Industrial Organization, vol. 35(1), pages 41-71, September (with J.L Guasch, A. Iimi and L. Trujillo)
  28. Corruption and infrastructure services: An overview,” (2009),  Utilities Policy, vol. 17(2), pages 153-155, June (with L. Trujillo)
  29. “Utilities reforms and corruption in developing countries”, (2009),  Utilities Policy, (with A. Goicoechea and L. Trujillo), , vol. 17(2), pages 191-202, June
  30. “How efficient are African Electricity Companies? Evidence from the Southern African Countries”, (2008), Energy Policy, 36 (6), p.1969-1979, June (with B. Tovar and L. Trujillo)
  31. “Measuring quantity-quality trade-offs in regulation: The Brazilian freight railways case”, (2007), Annals of Public and Cooperative Economics 78 (1), 1–20 (with S. Perelman and L. Trujillo)
  32. “Infrastructures et développement : une revue des débats récents et à venir ” (2007), Revue d’économie du développement 2007/4 (Vol. 15), p. 5-53.
  33. Universal Service Obligations in LDCs: The Effect of Uniform Pricing on Infrastructure Access.” (2006) Journal of Public Economics, Volume 90, Issues 6-7, August, Pages 1155-1179 (with J.J. Laffont and X. Zhang) 
  34. “PPI divorces vs. PPI partnerships in Infrastructure”, (2006) Review of Industrial Organization, 29,Pages  3-26
  35. “Telecommunications Reform and Performance” (2006), DICE Report — Journal for Institutional Comparisons, September-October (with A. Goicoechea and M. Manacorda)
  36.  “Is Debt Replacing Equity in Regulated Privatized Infrastructure in Developing Countries?, (2006) Utilities Policy  Volume 14, Issue 2, June , Pages 90-102 (withS. Jarvela and L. Correia)
  37.  “How concentrated are global infrastructure markets?” (2005), The Review of Network Economics, Vol 4, Issue 3 – September, pp 220 – 242 (with D. Benitez)
  38. Are Returns to Private Infrastructure in Developing Countries Consistent with Risks since the Asian Crisis”,(2005)  Journal of Network Industries, Vol 6(1),  pp 47-71 (with M.E. Pinglo)
  39.  “The limits of competition in urban buses in developing countries”,(2005)  Transport Reviews (with A. Gomez-Lobo), Vol. 25, 2, pp139-158, March
  40.    “Do Regulation and Ownership Drive the Efficiency of Electricity Distribution? Evidence from Latin America”,(2004)  Economics Letters,  Volume 86, Issue 2, Pages 253-257 (with M. Rossi)
  41. “Sources of Efficiency Gains in Port Reform: A DEA Decomposition of a Malmquist TFP Index for Mexico”, (2004) Utilities Policy, (with B. Tovar and L. Trujillo), December, Vol.12, 4, pp231-230
  42. “The Case for International Coordination of Electricity Regulation: Evidence from the Measurement of Efficiency in South America”(2004), Journal of Regulatory Economics, (with M. Rossi and C. Ruzzier), May, pp. 271-295
  43. ”Downsizing with labor sharing and collusion” (2004,)  The Journal of Development Economics, vol. 73, 2, pp 519-540 (with JJ Laffont and X. Zhang)
  44. “Las Privatizaciones en América Latina”(2004) , Revista Asturiana de Economia, Vol 31 (with L. Trujillo) pp37-59
  45.  “Efficiency effects of “Privatization” in Argentina’s Water and Sanitation Services”(2003), Water Policy,   volume 5 issue 4, pages 369-380 (with L. Trujillo)
  46. “Processes and accounting matter for regulators: Learning from Argentina’s railways privatization”,(2003)   Journal of Network Industries, Vol. 4, No1, 3-28 (with J. Campos and L. Trujillo)
  47. “Making Infrastructure Reform Work for the Poor: Policy Options Based on Latin America’s Experience”,(2002)  The CEPAL Review  (with V. Foster and Q. Wodon),  December, 105-124
  48. “What Does Privatization Do for Efficiency? Evidence from Argentina’s and Brazil’s Railways”(2002), World Development, Vol. 30, No11, November (with M. Gonzalez and L. Trujillo), 1885-1897
  49. Dealing with Demand Forecasting Games in Transport Privatization”, Transport Policy (2002) (with L. Trujillo andE. Quinet), Vol. 9, No4, October, 325-33
  50.  “Telecoms Reform, Access Regulation and Internet Adoption in Latin America”,(2002) Economia, Spring, (with T. Valletti and M. Manacorda), 153-218
  51.  “Efficiency Gains from Port Reform and the Potential for Yardstick Competition: Lessons from Mexico” (2002), World Development, Vol. 30, No.4, April (with M. Gonzalez and L. Trujillo), 545-560
  52. “How different is the efficiency of Public and Private Water Companies in Asia” (2002), The World Bank Economic Review, Vol. 16,  No1(with M. Rossi), 139-148
  53. Railways Reform in Brazil”, (2002) The Journal of Industry, Competition and Trade, Vol. 1, Number 2, June(with A. Goldstein and R. Pittman), 203-235
  54. “The Potential Role of Economic Cost Models in the Regulation of Telecommunications in Developing Countries” (2002),  Information Economics and Policy,, March, Vol 14, No.1 (with D. Benitez, M. Kennet and C. Ruzzier), 21-38
  55. “Downsizing with Labor Sharing and Collusion” (2002), Journal of World Economy, 9 (in Chinese)  (with J.-J. Laffont and X. Zhang), )
  56.  “Utilities Privatization and the Poor: Lessons and evidence from Latin America” (2001),  World Development, July (with A. Gomez-Lobo and D. Leipziger), vol. 29, Number 7
  57. “Privatization and Regulation of Transport Infrastructure in the 1990s” (2001), The World Bank Research Observer, Vol 16, Number 1, pp85-108
  58. “A few things transport regulators should know about risk and the cost of capital” (2001), Utilities Policy, Volume 9, 1-13 (with I. Alexander and A. Oliveri),
  59. “Industry restructuring and regulation: Building a base for sustainable growth – lessons from Latin America”, Development Southern Africa (2000),vol. 17, No. 3, 307-337 (with I. Alexander)
  60. «Les Besoins du Pauvre dans la Privatisation d’Infrastructure: Le Rôle des Obligations de Service Universel» (2000),  Revue des Concessions et des Délégations de Service Public (O. Chisari, A. Estache et J.J. Laffont), juin
  61.  “Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach” (1999), Journal of Public Economics, January, Vol. 77, no 1 (with S. van Wijnbergen)
  62. “Winners and Losers from the Privatization and Regulation of Utilities: Lessons from a General Equilibrium Model of Argentina” (1999), The World Bank Economic Review, Vol. 13, No 2. (with O. Chisari and C. Romero), pp. 357-378
  63.  “Privatización y regulación de infraestructuras de transporte: Un panorama”(1999), Papeles de Economía Española, 82, pp196-209
  64. “Regulatory Reform, Development, and Institutions” (1999), Journal of Quantitative & Technical Economics,Vol. 16, No 7. (in Chinese)(with X. Zhang)
  65.   “Establishing Regulatory Institutions in China” (1999). Journal of Quantitative & Technical Economics, Vol. 16, No. 3. (in Chinese) (with X. Zhang)
  66.  “Infrastructure Development and Participation of Private Sector” (1999), Journal of Quantitative & Technical Economics, 15 No..11, (with K Zhang),
  67. “La Regulación de Infraestructuras: los casos de la Electricidad y el Agua“, (1998), Economistas-Un balance ,Colegio de Economistas, Madrid (with J. Campos)
  68. Infrastructure Development and Participation of Private Sector” (1998),  Journal of Quantitative & Technical Economics, Vol. 15, No. 11. (in Chinese) (with X. Zhang)
  69. Regulatory Trade-offs in Designing Concession Contracts for Infrastructure Networks”(1998), Utilities Policy, 7, (with C. Crampes)
  70. “Controlling Brazil’s Pollution: Federal vs. State Taxes and Fines”, (1996),  Journal of Infrastructure Systems, vol. 2, No.2, June (with K. Zheng)
  71.  “Decentralizing Public Services: what can we learn from the Theory of the Firm?”,(1996), Revue d’Economie Politique, 106 (1), Jan. Fevr. (with J. Cremer and P. Seabright), Reprinted in “Recent Developments in Urban and Regional Economics”, Paul Cheschire and Gilles Duranton, eds., Edward Elgar Publishing Ltd.(2005)
  72.  “How to Commercialize Public Infrastructure Utilities” (1994), Finance and Development, Vol.31, No3, September

 Book Chapters

  1. “Efficiency Measures in Regulated Industries: History, Outstanding Challenges and Emerging Solutions” (forthcoming), in E. Grifell-Tatje and K. Lovel, Handbook of Producitivty and Efficiency Measures (with L. Cherchye, B. De Rock and M. Verschelde)
  2. “Corruption in Belgium: a Policy Oriented Survey of Facts, Figures and Failures,”  (2015) in E. Cantillon, ed. , Corruption in today’s Belgium, Re-BeL, p5-24, e-book available at http://www.rethinkingbelgium.eu/rebel-initiative-files/ebooks/ebook-17/Re-Bel-e-book-17.pdf
  3. «Notas sobre el financiamiento de la infraestructura y sus fuente »s, IDEAL 2014,  La Infraestructura en el Desarrollo Integral de América Latina, CAFE10-33
  4. “Music and happiness” (2014), in T. Tachibanaki and T. Miyamoto, eds., Hapiness, Kyoto (Japan): Minervashobo,147-165  (with and C. Biset-Bentchikou and V.Ginsburgh) (in Japanese).
  5. “Overview” (2014), in A. Estache (ed.)“The next generation of economic issues in energy policy in Europe, CEPR, London
  6. “Transport infrastructure failure: mismanagement and incompetence or political capture” (2013), in T. Søreide and A. Williams (Eds.) Corruption, Grabbing and Development: Real World Challenges. Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing (with G. Bel and R. Foucart)
  7. “What anti-corruption policies can learn from regulation theory” (2012), in S. Rose-Ackerman and T. Soreide, The International Handbook of Anti-Corruption Economics (Vol. II) ( with L. Wren-Lewis), pp269-298
  8. “Infrastructure policy for shared-growth post-2008: More and better or simply more complex?” (2012), in Canuto, O.  and D.M. Leipziger, Ascent after decline: regrowing global economies after the great recession,   pp135-178, The World Bank
  9. “Regulation and competition issues in infrastructure services: An overview” (2011),  Regulation and competition issues in infrastructure services (A. Estache, ed.)  CEPR,London
  10. “What anti-corruption policies can learn from regulation theory” (2011), in S. Rose-Ackerman and T. Soreide, The International Handbook of Anti-Corruption Economics (Vol. II) ( with L. Wren-Lewis)
  11.  “Public-Private Partnerships in Transport” (2011), in  A. de Palma, E. Quinet and R. Vickerman, (ed), Handbook of Transport Economics,  (with E. Juan and L. Trujillo)
  12.  “Regulation in Developing Economics: A survey of theory and evidence”  (2010) in Baldwin, R., M. Cave and M. Lodge (ed) Oxford Handbook of Regulation (with L. Wren-Lewis)
  13. “Millennium Development Goals at Midpoint: Where Do We Stand and Where Do We Need to Go?” (2010), in R. Kanbur and A. M. Spence (Eds.) Equity and Growth in a Globalizing World (with F. Bourguignon et al.)
  14.  “Emerging issues in infrastructure”, (2010), in D. Leipziger, ed. , Globalization and Growth: Implications for a Post-Crisis World, Commission on Growth and Development (with M. Fay)
  15. “Fiscal Policy, Distribution and the Middle Class », (2009), chapter 1 in Estache and Leipziger,  Stuck in the Middle: Is Fiscal Policy Failing the Middle Class?, Brookings Institution Publication,Washington,D.C.
  16. « Subsidies » (2009) chapter 5 (with M. Goldstein), in Estache and Leipziger, Stuck in the Middle: Is Fiscal Policy Failing the Middle Class?,, Brookings Insituttion Publication, Washington, D.C.
  17. « Réforme et régulation des services publics dans les pays en voie de développement : mythes et réalités » (2008), in J.M. Chevalier, M.-A. Frison-Roche, J.H. Keppler and P. Noumba Um, (ed.), Economie et Droit de la Régulation des Infrastructures: Perspectives des pays en voie de développement, pp 119-134, LGDJ, Paris, Collection Droit & Economie
  18. “Privatization in Latin America: The Good, the Ugly and the Unfair”, in Roland, G. and J. Stiglitz (2008), Privatization,  The Initiative for Policy Dialogue  (with L. Trujillo)
  19. “Transport cost levels, productivity and efficiency measures: some theory and main policy uses” (2007) in Report ECMT`s 136th  Round Table, European Conference of Ministers of Transport (ECMT)-OCDE  (with L. Trujillo)
  20. “Infrastructure and Development: A Survey of Recent and Upcoming Issues”, (2007) in Bourguignon, F., and B. Pleskovic, Rethinking Infrastructure for Development – Annual World Bank Conference on Development Economics, Global, pp47-82
  21. “Lessons from computable general equilibrium models applied to regulatory economics”, (2006) in O.O. Chisari, ed., Regulatory Economics and Quantitative Methods: Evidence form Latin America (with O. Chisari and C. Romero) Edward Elgar Publishing,Cheltenham
  22.  “Infrastructure Reform in Developing Economies: Evidence from a survey of efficiency measures “in T. Coelli and D. Lawrence (eds.) (2006), “Performance measurement and regulation of network utilities’, Edward Elgar Publishing,Cheltenham (with S. Perelman and L. Trujillo)
  23. “On Latin America’s Infrastructure Experience: Policy Gaps and the Poors”, in J. Nellis and N. Birdsall (2005), Reality Check: the Distributional Impact of Privatization in Developing countries, Center for Global Development, Washington, D.C., pp281-296
  24. “Argentina Privatization: A Cure or a Disease?” in Hirschhausen, C., T. Beckers and K. Mitusch (2004), Trends in Infrastructure Regulation and Financing: International Experience and Case Studies from Germany, Edward Elgar,Cheltenham,UK andNorthampton,MA.,USA
  25. “Where do We Stand on Transport Infrastructure Deregulation and Public-Private Partnerships?” OECD-ECMT Round Table 129, (2004) (with T. Serebrisky)
  26. “Price caps, efficiency pay-offs and infrastructure contract renegotiation in Latin America”, in Bartle, I. (2003), The UK Model of Utility Regulation: a 20th anniversary collection to mark the “Littlechild Report” retrospect and prospect”, CRI Proceedings 31 (with L. Guasch and L. Trujillo), pp173-198
  27. “Macroeconomic Effects of Private Sector Participation in Infrastructure”, in Easterly, W. and L. Serven (2003), The Limits of Stabilisation, Stanford University Press, Stanford (with J. Campos, N. Martin and L. Trujillo), pp139-170
  28. Access by the poor in Latin America’s utility reform: subsidies and service obligations” in Ugaz, C. and C. Waddams Price, ed.  (2003), Utility Privatization and Regulation: A Fair Deal for Consumers?,  Edward Elgar,Northampton, MAS,USA (with O. Chisari and C. Waddams Price) pp25-53
  29. “Can the gains from Argentina’s utilities reform offset credit shocks?”, in Ugaz, C. and C. Waddams Price, ed. (2003), Utility Privatization and Regulation: A Fair Deal for Consumers?,  Edward Elgar,Northampton, MAS,USA (with D. Benitez and O. Chisari) pp175-202
  30. “The Regulation of Transport Infrastructure and Services: A Conceptual Overview”, in Estache, A. and de Rus, G. (2000), pp 5-50 (with G. de Rus)
  31. Toll roads”, in Estache, A. and de Rus, G. (2000), pp. 235-294, (with J. Strong and M. Romero)
  32. “Transaction costs, politics, regulatory institutions and regulatory outcomes”, in Manzetti, L. ed. (2000), Regulatory Policy in Latin America: Post-Privatization Realities,North-SouthPressCenter at theUniversity ofMiami (with D. Martimort), pp 49-82
  33. “Reforming electricity in the Southern Cone”, in  Manzetti, L. ed. (2000), Regulatory Policy in Latin America: Post-Privatization Realities,North-SouthPressCenter at theUniversity ofMiami (with M. Rodriguez-Pardina), pp 171-188
  34. “Privatizing and Regulating Chile’s Utilities, 1974-2000: Successes, Failures and Outstanding Challenges”(1999) in Perry, G, and D. Leipiziger, Chile: Recent Policy Lessons and Emerging Challenges (with E. Bitran, L. Guasch and P. Serra), World Bank Publications, pp327-392
  35. Why Tax Incentives Don’t Promote Investment in Brazil”(1995) in A. Shah, ed., Fiscal Incentives for Investment and Innovation,OxfordUniversity Press (with V. Gaspar)
  36. “Does decentralization increase public infrastructure expenditure?” (1995), in Estache, A. Decentralizing Infrastructure: Advantages and Limitations, World Bank Discussion Paper No 290, (withS. Sinha) pp 63-80
  37. “Does decentralization improve infrastructure performance?” (1995), in Estache, A. Decentralizing Infrastructure: Advantages and Limitations, World Bank Discussion Paper No 290, (with F. Humplick) pp 81-97


  1. Consequences of Corruption at the Sector Level and Implications for Economic Development (2015), OECD, (with T. Søreide, J. Hallak, P.Le Billon, M. Poisson, V. Somville and T. Vian)
  2. Infrastructure and the Poor in Sub-Saharan Africa (2014), Palgrave (with Q. Wodon)
  3. The next generation of economic issues in energy policy in Europe (2013) (editor), CEPR, London
  4.  Infrastructure and Employment Creation in the Middle East and North Africa (2012), World Bank (with E. Ianchovichina, I. Salomon, R. Bacon, R. Foucart, G. Garsous and T. Yepes)
  5. Emerging Issues in Competition, Collusion and Regulation of Network Industries (2011) (editor), CEPR,London
  6.  The Economics of Infrastructure Procurement: Theory and Evidence (2011), CEPR, London  (with A. Iimi)
  7.  Stuck in the Middle: Is Fiscal Policy Failing the Middle Class?, (2009), Brookings Institution Publication,Washington,D.C. (co-edited with D. Leipziger)
  8.  Regulatory Reform and Competition Policy in China’s Railways (2004), State Administration Institute Press (eds. with X. Zhang) (in Chinese)
  9.  Financial Modeling of Regulatory Policy in Transport- A Course on CD-ROM, (2004)World Bank Institute (trilingual: English, French, Spanish)
  10.  A Primer on Efficiency Measurement for Utilities and Transport Regulators, (2003) World Bank Institute Publications,  Studies in Development Series (with T. Coelli, S. Perelman and L. Trujillo) (also published in Spanish)
  11.  Financial Modeling of Regulatory Policy for Utilities- A Course on CD-ROM, (2002)World Bank Institute (trilingual: English, French, Spanish)
  12.   Accounting for Poverty in Infrastructure Reform – Learning from Latin America’s Experience, (2002) World Bank Institute Publications,  Studies in Development Series (with V. Foster and Q. Wodon) (also published in Chinese, Russian and Spanish)
  13.   Regulatory Reform and Development of China’s Infrastructure Sectors (2002), State Administration Institute Press  (eds. with X. Zhang) (in Chinese)
  14.  Regulation and Competition in Network Industries (2000),ChineseAcademy of Social Sciences (with J.J. Laffont and X. Zhang)  (in Chinese)
  15.   Privatization and Regulation of Transport Infrastructures: Guidelines for Policymakers and Regulators (2000), World Bank, World Bank Institute Publications,  Studies in Development Series (co-editor with G. de Rus) (also published in Spanish)
  1. Decentralizing Infrastructure: Advantages and Limitations (1995), editor, World Bank Press
  2. World Development Report: Infrastructure for Development (1994), Oxford University Press (co-author a member of core producing team)

Large audience publications

  1. “Privatization of Utilities in Mali and Senegal: Impact on Poverty” (2009), in Poverty Focus: Equitable Access to Basic Utilities: Public versus Private Provision and Beyond, pp27-29 (with L/ Savard, D. Boccanduso)
  2. “Who bears the burden of environmental policies within countries?” (2008)  ,World Bank PREM Notes, July, Number 1, (with L. Savard) available at http://siteresources.worldbank.org/INTPREMNET/Resources/489836-1217526310172/Note1Burdenofenvironmental_policies.pdf
  3. Réforme des infrastructures dans les pays en développement: avec ou sans le secteur privé? (2008), L’Echo, May 10
  4. Pour une réforme des institutions belges qui combine flexibilité et coordination, (2008),  L’Echo, February 19, (co-Signed by 129 Belgian economists)
  5. “Infrastructure concessions, information flows and regulatory risk”, Public Policy for the Private Sector Viewpoints (1999),N. 203 (with P.Burns) available at  http://rru.worldbank.org/documents/publicpolicyjournal/203burns.pdf
  6. “Designing Regulatory Institutions for Infrastructure–Lessons from Argentina” (1997), Public Policy for the Private Sector Viewpoints, The World Bank Group, n.114 http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=114
  7. The Real Possibility of Competitive Generation Markets in Hydro Systems-The Case of Brazil” (1996), Public Policy for the Private Sector Viewpoints, N. 106 (with M. Rodriguez-Pardina) http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=106
  8. “Competing Private Ports: Lessons from Argentina”, (1996),  Public Policy for the Private Sector Viewpoints, N. 100 (with J.Carbajo), http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=100
  9.  “Designing Toll Road Concessions-Lessons from Argentina”(1996),  Public Policy for the Private Sector Viewpoints, The World Bank Group, n.99,  (with J. Carbajo) http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=99
  10. Regulatory Lessons from Argentina’s Power Concessions, ” (1996), Public Policy for the Private Sector Viewpoints, N. 92 (with M. Rodriguez-Pardina) http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=92
  11. “Regulating Water Concessions”, (1996), Public Policy for the Private Sector, Viewpoints, The World Bank Group, n. 91,(with C. Crampes) available at http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=91
  12.  “Railway Concessions-Heading Down the Right Track in Argentina” (1995), Public Policy for the Private Sector Viewpoints, N. 88 (with J. Carbajo) http://rru.worldbank.org/PublicPolicyJournal/Summary.aspx?id=88


Unpublished Recent Working Papers

  1.  Institutions for Infrastructure in Developing Countries: What We Know and the Lot We still Need to Know,(2016)  ECARES Working Paper 2016-27
  2. What if TTIP Changed the Regulation of Public Services ?Lessons for Europe from Developing Countries (2016), (with C. Philippe), ECARES Working Paper 2016-26
  3. Corruption and Incompetence in Public Procurement, (2016) (with R. Foucart), ECARES Working Paper 2016-05
  4. Is the belgian Youth Ready for the Reformed Pension System ? (2016) (with S. De Cecco), Working Paper 2016-28
  5. How Much Does Speed Matter in the Fixed to Mobile Broadband Substitution in Europe ? (2015) (with M. Cincera and L Dewulf), ECARES working paper 2015-25
  6. Unbundling Political and Economic Rationality: a Non-Parametric Approach Tested on Spain (2015), (with S. Bertomeu), ECARES Working Paper 2015-17
  7. “Infrastructure and Corruption a Brief Survey” (2014), ECARES Working Paper 2014-37
  8. “In the short run, energy efficiency concerns and trade protection hurt each other and growh, but in the long turn, not necessarily so: 1980-2010 Latin American Evidence” (2014), ECARES Working Paper 2014, 38 (with A. Tsiotras)
  9. “On the “Economics” Case for Planning in Infrastructure A brief policy oriented survey” (2104),  Chaire Bernard Van Ommeslaghe Working Papers, ECARES, ULB
  10. Benchmarking Politicians,” (2013) CEPR Discussion Papers 9467, CEPR Discussion Papers (with R Foucart)
  11.  “A Reverse Holdup Problem” (2013), ECARES Working Paper, 2013-14  (with R. Foucart)
  12. “Reducing Energy Use without Affecting the Economic Objectives: a Sectoral Analysis”(2013), ECARES Working Paper, 2013-11 (with  L. Cherchye,  B. De Rock & B. Walheer)
  13.  “The impact of private participation in infrastructure in developing countries: Taking stock of about 20 years of experience”, (2012) ECARES Working paper 2012-043 (with C. Philippe)
  14. “Horizontal skills mismatch in the labor market: Protecting the past vs. protecting the future”. ECARES Working paper 2012-030 (with R. Foucart)
  15. “Would Less Decentralization Reduce Public Sector Size in Europe?”, ECARES Working paper 2012-028 (with M. Cincera and A. Wolf)
  16. “Some theory, some ideology and lots of pragmatism in the cost-benefit analysis of PPPs”, ECARES Working paper 2012-027
  17. “What policies to green infrastructure services entail” (2012), ECARES Working Paper  2012-13
  18. “Dealing with Politics for Money and Power in Infrastructure” (2010), CBVO working paper, 2010-01 (with D. Benitez and T. Soreide)
  19. “A survey of impact evaluations of infrastructure projects, programs and policies” (2010), ECARES Working Paper 2010-05
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