IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v35y2015i3p475-491id235.html
   My bibliography  Save this article

The distorted formation of administered prices in recent Brazilian experience

Author

Listed:
  • Arthur Barrionuevo Filho

Abstract

This article discusses the necessity for microeconomic price adjustment in Brazil at the end of the first government Dilma Rousseff (2011-14). The price control in Brazil is done by different means, by the three levels of government, federal, state and municipal. It includes services regulated by agencies in infrastructure sectors such as electricity, fixed telephony and road tolls; the direct control of state enterprises prices, as in the case of petroleum products, or through specific legislation as in health services. However, the different levels of government eventually distort prices through arbitrary measures, given short-term political objectives, disregarding the institutions designed to define them. The emphasis of the paper is to evaluate the evolution of these prices during the last presidential term and the difficulty of maintaining realistic administered prices in such a context. JEL Classification: L11; L38; L94; L96; L97; L98.

Suggested Citation

  • Arthur Barrionuevo Filho, 2015. "The distorted formation of administered prices in recent Brazilian experience," Brazilian Journal of Political Economy, Center of Political Economy, vol. 35(3), pages 475-491.
    • Handle: RePEc:ekm:repojs:v:35:y:2015:i:3:p:475-491:id:235
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/235/225
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    production; pricing; market structure; public policy; electric utilities; telecommunications; utilities; government policy;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:35:y:2015:i:3:p:475-491:id:235. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.