This article describes and characterizes the oil markets and liquid by-products in Chile from the viewpoint of industrial organization. With that objective in mind, first a systematic description is provided of each of the markets comprising this industry, taking into account the vertical...

This article analyzes the long-term strategies employed by multinational oil corporations in a late industrializing country with powerful business groups when faced with economic nationalism. I study the case of Royal Dutch-Shell in Chile from 1913 to 2005, where two oil multinationals...