The traditional exception to the welfare reducing character of protectionism is based on the optimum tariff argument. If in addition the market power can be traced back to control of a necessary, cero substitution natural resource type input, then the corresponding trade tax and the shadow price...

Este artículo hará un breve recuento histórico del tema de la protección a la libre competencia a nivel internacional y de la lógica de la acción pública para asegurar la libre competencia, para luego centrarse en la experiencia histórica de Chile, que en estricto rigor data en el mejor...

President Carlos Ibáñez del Campo came into power in 1952 to restore price stability and to end corruption. Soon, however, inflation was running at about 80 per cent per year and government invited Klein-Saks, the prestigious U.S. based consulting firm, to design and implement an...

We study the relation between inflation rate and relative price variability using data of prices on 23 disaggregated food items since 1960 to 2003 in Chile. The behavior of inflation rate is quite variable in that country during that time span and more interestingly, there are periods of time in...