Browsing BI Open by Author "Irarrazabal, Alfonso"
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OPECs Market Power: An Empirical Dominant Firm Model for the Oil Market
Irarrazabal, Alfonso; Golombek, Rolf; Ma, Lin (Journal article; Peer reviewed, 2018)We estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986–2016 period. The estimated structural parameters have the expected signs and are significant. ... -
The role of allocative efficiency in a decade of recovery
Chen, Kaiji; Irarrazabal, Alfonso (Journal article; Peer reviewed, 2015)The Chilean economy experienced a decade of sustained growth in aggregate output and productivity after the 1982 nancial crisis. This paper analyzes the role of allocative e¢ ciency on total factor productivity (TFP) ... -
The tip of the iceberg: a quantitative framework for estimating trade costs
Moxnes, Andreas; Irarrazabal, Alfonso; Opromolla, Luca David (Journal article; Peer reviewed, 2015)Casual empiricism suggests that additive trade costs, such as quotas, per-unit tariffs, and, in part, transportation costs, are prevalent. In spite of this, we have no broad and systematic evidence of the magnitude of ...