We study the economic and political effects of competition by state-owned firms, leveraging the decentralized entry of public pharmacies to local markets in Chile around local elections. Public pharmacies sell drugs at a third of private pharmacy prices, because of a stronger upstream bargaining...

We study the effects of competition by state-owned firms, leveraging the decentralized entry of public pharmacies to local markets in Chile. Public pharmacies sell the same drugs at a third of private pharmacy prices, because of stronger upstream bargaining and market power in the private...

Vaccines are responsible for large increases in human welfare and yet we know little about the political impacts of publicly-managed vaccination campaigns. We fill this gap by studying the case of Chile, which offers a rare combination of a high-stakes election, voluntary voting, and a...