This paper presents the main conclusions of what in Industrial Organization Theory is known as Collusion Theory. It contains a critique to its methodology and implications and also suggests that this theory is not appropriate for Antitrust Legislation, si

In this note we show that a general underestimation of the social cost of monopoly exists in the literature. This is so because the concept of producer surplus is not weld understood. The main conclusion arrived in this note is that the existence of produ

We use artificial cohort data for Santiago de Chile (1957 to 1996) to analyze labor market performance of specific cohort and age groups. We are particularly concerned with the relevance of this methodology to evaluate labor market performance indicators

The role of minimum wages in the process of adjustment is important in connection with labor market rigidities and smoother labor reallocation across sectors. In the case of industrial countries, studies on the impact of the minimum wage on specific labor

A key characteristic of regulatory schemes in Latin America is its virtual absence of mechanisms for coping with outages in the supply of public utilities. This paper presents such a mechanism, which has the advantage of being complementary to the medium