Competition Policy in Chile
Keywords:
competition policy, antitrust, Chile, deregulation, concessions, market competitionAbstract
This paper analyzes the Chilean policy for market competition, mainly through case studies. Consideration is given to both the antitrust laws and institutions, and the regulation and deregulation policies. Furthermore, it reviews the use of biddings for the concession of projects, as a way to prompt competition ex-ante. It is gathered from the analysis that generally the legislation in this area is adequate. The main restriction of the policy for market competition lies on the institutions responsible for enforcing them, which lack enough resources and are too close to the political authorities.Downloads
References
Bauer, C. (1995). The contradictory role of the judiciary in Chile's neoliberal economic model [Mimeo]. University of California.
Baumol, W., Panzar, J., & Willig, R. (1982). Contestable markets and the theory of industry structure. Harcourt Brace Jovanovich.
Baumol, W., & Willig, R. (1986). Contestability: Developments since the book. In D. J. Morris et al. (Eds.), Strategic behavior and industrial competition. Oxford University Press.
Bitran, E., & Serra, P. (1994). Regulatory issues in the privatization of public utilities: The Chilean experience. Quarterly Review of Economics and Finance, 34(Número especial), 179–198.
Chadwick, E. (1859). Result of different principles of legislation in Europe: Of competition for the field as compared with competition within the field of service. Journal of the Royal Statistical Society, Series A, 22.
Coase, R. (1992). The institutional structure of production. American Economic Review, 82(4), 713–719.
Diez, C. (1995). Un análisis econométrico de la política comercial chilena ante distorsiones en los precios de las mercaderías importadas [Tesis de magíster en Ingeniería Industrial]. Universidad de Chile.
Engel, E., Fischer, R., & Galetovic, A. (1995). Auctioning a road by income [Mimeo]. Centro de Economía Aplicada.
Finger, J. M. (1992). Dumping and antidumping: The rhetoric and the reality of protection in industrial countries. Research Observer, 7(2), 121–143. https://doi.org/10.1093/wbro/7.2.121
Khemani, S., & Dutz, M. (1995). The instruments of competition policy and their relevance for economic development. In C. Frischtak (Ed.), Regulatory policies and reform in industrializing countries.
Kim, H., & Singal, V. (1993). Mergers and market power: Evidence of the airline industry. American Economic Review, 83(3), 549–569.
Levy, B., & Spiller, P. (1994). Regulation, institutions, and commitment in telecommunications. In Proceedings of the World Bank Annual Conference on Development Economics 1993. The World Bank.
McNulty, P. J. (1968). Economic theory and the meaning of competition. Quarterly Journal of Economics, 82(4), 639–656. https://doi.org/10.2307/1879604
Ordover, J., & Pittman, R. (1993). Competition policy for natural monopolies in a developing market economy [Mimeo]. Seminar on Competition Policy, World Bank.
Paredes, R. (1995). Jurisprudencia de las comisiones antimonopolios en Chile. Estudios Públicos, (58), 227–317.
Rothschild, E. (1994). Adam Smith and the invisible hand. American Economic Review, 84(2), 319–322.
Vickers, J., & Yarrow, G. (1988). Privatization: An economic analysis. MIT Press.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 1995 Pablo Serra

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Article usage
- ViewsTimes this article's page was opened since the journal started recording statistics. One person can visit more than once.
- 135
- DownloadsTimes the full text of this article (usually the PDF) was opened or downloaded.
- 189
All time, as recorded by the journal.
Last 2 years: 65 views, 113 downloads.
1.40 downloads per view (journal average 1.65).Downloads of the full text for every abstract view of this article, compared with the whole journal.
Explore the journal's metrics