• 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 ...