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Un Enfoque de Teoría de Juegos del Sistema Privado de Pensiones Peruano

Author

Listed:
  • Nikita Cespedes

    (Central Bank of Peru)

Abstract

El docuemnto se dedica al estudio del comportamiento de las AFP del Sistema Privado de Pensiones peruano. El trabajo utiliza el marco de análisis de la teoría de juegos repetidos y aspectos complementarios de la teoría de la colusión implícita para aproximar el comportamiento de los agentes involucrados en este mercado. Se considera que el producto transado es el servicio de administración y custodia de los fondos de pensiones, el producto tiene una demanda unitaria y se muestra que es homogéneo entre empresas que ofrecen el servicio -las características del sistema legal y regulatorio habrían influido sobre este resultado-. El resultado del juego que se describe en el trabajo es no competitivo pero racional y óptimo desde el punto de vista de las administradoras de pensiones, los precios son superiores a similares sistemas de pensiones existentes en otros países y éstos han seguido, casi simultáneamente, una tendencia creciente y marcada básicamente por cambios regulatorios (normas legales) y no por mecanismos competitivos. Se sugieren también algunas medidas tendientes a relajar la estructura no competitiva de este mercado: cerrar el Sistema Nacional de Pensiones(SPP) a nuevos afiliados, fijar la pensión mínima en el SPP, agilizar los traspasas de afiliados entre administradoras, introducir los fondos de diferente riesgo, etc.

Suggested Citation

  • Nikita Cespedes, 2005. "Un Enfoque de Teoría de Juegos del Sistema Privado de Pensiones Peruano," Industrial Organization 0505002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpio:0505002
    Note: Type of Document - doc; pages: 29
    as

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    References listed on IDEAS

    as
    1. Montoro , Carlos, 1999. "Costo de la reforma del Sistema Nacional de Pensiones: Una adaptación del modelo de generaciones traslapadas," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 4, pages 57-78.
    2. Jorge Rojas, 1998. "La rentabilidad del sistema privado de pensiones en el Perú: 1993-1997," Documentos de Trabajo / Working Papers 1998-160, Departamento de Economía - Pontificia Universidad Católica del Perú.
    3. Mr. N. A. Barr, 2000. "Reforming Pensions: Myths, Truths, and Policy Choices," IMF Working Papers 2000/139, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mendoza, Rodrigo, 2014. "Eficiencia financiera en los portafolios de inversión de las AFP en el Perú: Un enfoque robusto de Multifondos," Working Papers 2014-005, Banco Central de Reserva del Perú.

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    More about this item

    Keywords

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    JEL classification:

    • J4 - Labor and Demographic Economics - - Particular Labor Markets
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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