We show that the tax system in Chile is insufficient, inefficient and inequitable. Insufficient because it does not yield enough revenues for the state to promote human capital development and to face poverty in a more comprehensive way; inefficient because it is highly unbalanced causing most...

This paper investigates the impact of multilateral trade linkages on bilateral real exchange rate volatility by examining a particular channel —the extent of the effects of differences on import intensities (GDP’s share of imports of a given product and origin) between trade partners— of...

Both exports and innovation (in particular, research and development) are key factors for the growth of firms and economies, but there has been little study of their combined impact on them, especially in developing countries. This article uses plant-level data from Chile to examine the...

This article measures the impact of the agency responsible for enforcing competition law, in the outcome of antitrust trials in Chile. Using statistics on lawsuits since the inception of the new Competition Tribunal in 2004, we find that the involvement of the public agency increases the...

El artículo realiza una revisión de la literatura teórica sobre la forma en que los programas de amnistía o delación compensada afectan la estabilidad de los carteles y permiten su detección y disuasión. Sobre la base de las principales contribuciones, se presenta un modelo unificado que...

We study welfare and core equivalence for a competitive equilibrium defined on an economy where all commodities are indivisible at the individual level, but perfectly divisible at the aggregate level. In our model is assumed that thereexists a continuum parameter, which can be interpreted as...

En este trabajo se estima en forma conjunta el markup y la distribución de la renta a cada uno de los factores productivos en la industria manufacturera chilena durante los noventa. Mediante el uso de Método de Momentos Generalizado se encuentra que la mano de obra se lleva un 21% de las...

This paper investigates the impact of multilateral trade linkages on bilateral real exchange rate volatility by examining a particular channel —the extent of the e?ects of di?erences on import intensities (GDP’s share of imports of a given product and origin) between trade part- ners—of...

In an exchange economy with only private consumption goods we propose acompetitive mechanism to reach any income distribution. We introduce the socalled consumption rights, which is a real parameter that modifies thebudgetaryconstraint of individuals but does not participate in the utility...