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The Role of Conglomerates in Chile

Luigi Zingales

Economic Studies / Estudios de Economia2024https://doi.org/10.4067/s0718-52862024000200207article
ABDC C
Weight
0.40

What the paper says

In this article, I assess conglomerates in Chile have affected product market competition.The analysis starts with a review of the efficiency and rent-seeking for the existence of conglomerates.The prima facie evidence fails to find efficiency reasons for the existence of conglomerates in Chile, while it is compatible with rent-seeking explanations.For this reason, I analyze various rent-seeking explanations in detail.The evidence suggests that conglomerates in Chile enjoy and advantage in gaining political influence and market power and that this political influence and market power have the potential of distorting product market competition.I present a series of proposals to limit the rent-seeking dimensions of conglomerates.

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https://doi.org/https://doi.org/10.4067/s0718-52862024000200207

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@article{luigi2024,
  title        = {{The Role of Conglomerates in Chile}},
  author       = {Luigi Zingales},
  journal      = {Economic Studies / Estudios de Economia},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.4067/s0718-52862024000200207},
}

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The Role of Conglomerates in Chile

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Evidence weight

0.40

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.