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On the relationship between concentration and competition: evidence from the Chilean private pension system

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  • Jean P. Sepúlveda

Abstract

I use Panzar and Rosse (1987) methodology to estimate the degree of competition among Pension Fund Administrators (PFAs) in the Chilean private pension system for the period 1996 to 2008. The results indicate that the industry can be described as a cartel (or monopoly) during this period. There is evidence that in this industry there is a negative, and statistically significant, correlation between concentration and competition.

Suggested Citation

  • Jean P. Sepúlveda, 2012. "On the relationship between concentration and competition: evidence from the Chilean private pension system," Applied Economics Letters, Taylor & Francis Journals, vol. 19(14), pages 1385-1389, September.
    • Handle: RePEc:taf:apeclt:v:19:y:2012:i:14:p:1385-1389
    DOI: 10.1080/13504851.2011.631879
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    References listed on IDEAS

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