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Opciones de Suscripción de Acciones Stock Rights


  • Patricia Jurfest
  • Salvador Zurita


According to Chilean law, every time that a corporation issues stock, the old stockholders receive the right to subscribe the new issue a pro-rata of their holdings. This right is transferable, giving rise to the only option markets that exists in Chile.

Suggested Citation

  • Patricia Jurfest & Salvador Zurita, 2000. "Opciones de Suscripción de Acciones Stock Rights," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(111), pages 339-371.
  • Handle: RePEc:ioe:cuadec:v:37:y:2000:i:111:p:339-371

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    References listed on IDEAS

    1. Hung-po Chao & Stephen Peck, 1997. "An Institutional Design for an Electricity Contract Market with Central Dispatch," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 85-110.
    2. Chao, Hung-po & Wilson, Robert, 1987. "Priority Service: Pricing, Investment, and Market Organization," American Economic Review, American Economic Association, vol. 77(5), pages 899-916, December.
    3. Vickrey, William, 1992. "Efficient pricing of electric power service : Some innovative solutions," Resources and Energy, Elsevier, vol. 14(1-2), pages 157-174, April.
    4. Roger E. Bohn & Michael C. Caramanis & Fred C. Schweppe, 1984. "Optimal Pricing in Electrical Networks over Space and Time," RAND Journal of Economics, The RAND Corporation, vol. 15(3), pages 360-376, Autumn.
    5. Anderson, Roland & Taylor, Lewis, 1986. "The social cost of unsupplied electricity : A critical review," Energy Economics, Elsevier, vol. 8(3), pages 139-146, July.
    6. Serra, Pablo & Fierro, Gabriel, 1997. "Outage costs in Chilean industry," Energy Economics, Elsevier, vol. 19(4), pages 417-434, October.
    7. Beenstock, Michael, 1991. "Generators and the cost of electricity outages," Energy Economics, Elsevier, vol. 13(4), pages 283-289, October.
    8. Wilson, Robert B, 1989. "Efficient and Competitive Rationing," Econometrica, Econometric Society, vol. 57(1), pages 1-40, January.
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    More about this item


    Valoración de opciones; derechos de suscripción de acciones; dominancia;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets


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