This paper analyzes the most important regulations to private firms in the Argentine petroleum industry. Price controls, barriers to entry, quotas and quasimonopolies of state - owned enterprises in some stages of production are pervasive and impose large social costs. One of these welfare losses has been estimated in this paper. Price controls on petroleum and its most important by-products cause an average annual net loss to society estimated in 350 million dollars for the past decade (approximately equal to 0.4% of the country's GDP).
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Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.
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