Mediante una evaluación detallada de la estructura tributaria chilena vigente en 1996, mostramos que cambios bastante más drásticos que aquellos considerados en la discusión pública no afectan de manera importante la distribución del ingreso que se obtiene después de cobrar impuestos pero...

This paper quantifies the direct impact of taxes on income distribution at the household level in Chile and estimates the distributional effect of several changes in the tax structure. We find that income distributions before and after taxes are very similar (Gini coefficients of 0.488 and...

Este trabajo estima una demanda de largo plazo por capital en Chile, lo que permite estudiar la sensibilidad del stock de capital deseado por las empresas ante variaciones de las tasas de impuestos. El enfoque utilizado combina el modelo neoclásico de Jorgenson con un argumento de...

Is a tax increase always detrimental for capital formation? This paper estimates a long-run demand for capital in Chile, and studies the responsiveness of firms’ desired capital stock to variations in tax rates. We combine the neoclassical model with a cointegration argument to obtain a...

This paper discusses privatization among investments in infrastructure. The goal of this paper is to present a new auction mechanism that solves many of the problems that have hindered the use of franchises. The first section of the paper discusses least present value of revenue (LPVR) auctions,...