Published and forthcoming papers
Using List Prices to Collude or to Compete? (with Diego Cussen), The Economic Journal, forthcoming. PDF Copy.
Monopolization with Must-haves (with Enrique Ide), American Economic Journal: Microeconomics, forthcoming. PDF Copy
On the Geography of Vintage-Specific Restrictions (with Carlos Fardella, Nano Barahona and Felipe Sepúlveda), Resource and Energy Economics 75, 1-20 (2023). PDF Copy
Technology neutral vs. technology specific procurement (with Natalia Fabra), The Economic Journal 133, 669-705 (2023). PDF Copy
Product lines and price discrimination in markets with information frictions (with Natalia Fabra), Management Science 68, 981-1001 (2022). PDF Copy
A practical approach for curbing congestion and air pollution: Driving restrictions with toll and vintage exemptions (with Leonardo Basso and Felipe Sepúlveda), Transportation Research Part A 148, 330-352 (2021). PDF Copy
Vintage-specific driving restrictions (with Nano Barahona and Francisco Gallego), Review of Economic Studies 87, 1646–1682 (2020). PDF Copy
Una restricción vehicular inteligente para la congestión y contaminación de Santiago (with L. Basso, F. Sepúlveda et al). In: Centro Políticas Públicas UC, editors, Propuestas Para Chile - Concurso Políticas Públicas UC 2018. Chapter 3, 78-113 (March 2019). PDF Copy
Output-based allocations in pollution markets with uncertainty and self-selection (with Guy Meunier and Jean-Pierre Ponssard), Journal of Environmental Economics and Management 92, 832-851 (2018). PDF Copy
Using output-based allocations to manage volatility and leakage in pollution markets (with Guy Meunier and Jean-Pierre Ponssard), Energy Economics 68, 57-65 (2017). PDF Copy
Discounts as a barrier to entry (with Enrique Ide and Nicolás Figueroa), American Economic Review 106, 1849-77 (2016). PDF Copy
[Distinguished with Mexico’s Federal Economic Competition Commission (COFECE) Research Award for best research on Competition Policy in 2016]
Forward trading in exhaustible-resource oligopoly (with Matti Liski), Resource and Energy Economics 37, 122-146 (2014). PDF Copy
Cartel sales dynamics when monitoring for compliance is more frequent than punishment for non-compliance (with Joseph E. Harrington). In Martin Peitz and Yossi Spiegel, eds., Analysis of Competition Policy and Sectoral Regulation, now publishers Inc., Boston-Delft, (2014). PDF Copy
The effect of transport policies on car use: Evidence from Latin American cities (with Francisco Gallego and Christian Salas), Journal of Public Economics 107, 47-62 (2013). PDF Copy
The effect of transport policies on car use: A bundling model with applications (with Francisco Gallego and Christian Salas), Energy Economics 40, S85-S97 (2013). PDF Copy
En busca de la eficiencia y la efectividad en el transporte urbano (with Francisco Gallego). In: Grupo Res Pública Chile, editors, 95 Propuestas para un Chile Mejor. Santiago, Chile: Grupo Res Pública Chile; (2013). PDF Copy
A note on environmental policy and innovation when governments cannot commit, Energy Economics 33, S13-S19 (2011). PDF Copy
Market power in an exhaustible-resource market: The case of storable pollution permits (with Matti Liski), The Economic Journal 121, 116-144 (2011). PDF Copy
Output-expanding collusion in the presence of a competitive fringe (with Juan Ignacio Guzmán), Journal of Industrial Economics 58, 106-126 (2010). PDF Copy
Market power in pollution permit markets, The Energy Journal 30, 115-142 (2009). PDF Copy
A simple auction mechanism for the optimal allocation of the commons, American Economic Review 98, 496-518 (2008). PDF Copy
The Efficiency and Robustness of Allowance Banking in the U.S. Acid Rain Program (with Denny Ellerman), The Energy Journal 28, 47-71 (2007). PDF Copy
[Distinguished with the Campbell Watkins Award for best paper in The Energy Journal in 2007]
An Auction Mechanism in a Climate Change Architecture. In R. Stavins and J. Aldy, eds., Architectures for Agreement: Addressing Global Climate Change in the Post-Kyoto World. Cambridge University Press (2007).
Tradable Permits with Incomplete Monitoring: Evidence from Santiago's Particulate Permits Program. In J. Freeman and C. Kolstad, eds., Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience. Oxford University Press (2007).
An auction mechanism for the commons: Some extensions, Cuadernos de Economia 44, 133-40 (2007)
Forward trading and collusion in oligopoly (with Matti Liski), Journal of Economic Theory 131, 212-230 (2006). PDF Copy
Corrigendum to “Forward trading and collusion in oligopoly” [JET 2006] ( with Ludwig Ressner and Matti Liski), Journal of Economic Theory 145, 2496-2497 (2010). PDF Copy
On pollution permit banking and market power (with Matti Liski), Journal of Regulatory Economics 29, 283-302 (2006).
Pollution markets with imperfectly observed emissions, RAND Journal of Economics 36, 645-660 (2005). PDF Copy
[Reprinted in Economics of Environmental Law, edited by Richard Brooks, Nathaniel O. Keohane, and Douglas A. Kysar, Edward Elgar, Cheltenham, UK, 2008]
A model of final-offer arbitration in regulation, Journal of Regulatory Economics 28, 23-46 (2005).
A note on market power in an emission permits market with banking (with Matti Liski), Environmental and Resource Economics 31, 159-173 (2005).
Notas para una regulación eficiente de la transmisión eléctrica (with Salvador Valdés), Cuadernos de Economía 41, 255-283 (2004).
Markets for environmental protection: Design and performance, Estudios de Economía 31, 79-99 (2004).
Is it possible to move the copper market? (with Matti Liski), Cuadernos de Economía 40, 559-565 (2003).
Second-generation electricity reforms in Latin America and the California paradigm (with Hugh Rudnick), Journal of Industry, Competition and Trade 2, 159-172 (2002).
Market structure and environmental innovation, Journal of Applied Economics 5, 293-325 (2002).
Permits, standards, and technology innovation, Journal of Environmental Economics and Management 44, 23-44 (2002). PDF Copy
[Reprinted in Kathelen Segerson (ed.), The Economics of Pollution Control, Edward Elgar Publishing, UK, 2011]
Prices vs. quantities with incomplete enforcement, Journal of Public Economics 85, 435-454 (2002). PDF Copy
[Reprinted in Michael Hoel (ed.), Recent Developments in Environmental Economics, Edward Elgar Publishing, UK, 2004]
A market-based environmental policy experiment in Chile (with J.M Sánchez and R. Katz), Journal of Law and Economics 45, 267-287 (2002). PDF Copy
Multipollutant markets, RAND Journal of Economics 32, 762-774 (2001).
Crisis eléctrica en California: Algunas lecciones para Chile (con J.M. Sánchez), Estudios Públicos 83, 139-162 (2001).
Análisis de los Mercados de Derecho de Aprovechamiento de Agua en las Cuencas del Maipo y el Sistema Paloma en Chile: Efectos de la Variabilidad en la Oferta Hídrica y de los Costos de Transaccion (con Guillermo Donoso y Sebastián Vicuña), Revista De Derecho Administrativo Económico De Recursos Naturales 3(2), 368-387 (2001).
Policies, measures and instruments (with Peter Bohn, Robert Stavins et al), in Climate Change 2001: Mitigation, Cambridge University Press, Cambridge, UK, Chapter 6, 399-450 (2001)
Precios eléctricos flexibles (with Hugh Rudnick), Cuadernos de Economia 38, 91-109 (2001).
Análisis del mercado de material particulado en Santiago (with J.M Sánchez and R. Katz), Estudios Públicos 81, 177-203 (2001).
Participación voluntaria en políticas internacionales de cambio climático: Implicancias para Chile (with L. Cifuentes and F. Soto), Estudios de Economía 27, 69-93 (2000).
Optimal design of a phase-in emissions trading program, Journal of Public Economics 75, 273-291 (2000).
Voluntary compliance with market-based environmental policy: Evidence from the US Acid Rain Program, Journal of Political Economy 107, 998-1033 (1999). PDF Copy
[Reprinted in Economics of Environmental Law, edited by Richard Brooks, Nathaniel O. Keohane, and Douglas A. Kysar, Edward Elgar, Cheltenham, UK, 2008]
Summary evaluation of the US S02 Emissions Trading Program as implemented in 1995 (with A.D. Ellerman, R. Schmalensee, P. Joskow, and E.M. Bailey), in S. Sorrell and J. Skea (eds.), Pollution for Sale: Emissions Trading and Joint Implementation, Edward Elgar, Cheltenham, UK (1999).
Optimal opt-in “climate” contracts, Journal of Applied Economics 1, 363-384 (1998).
The declining trend in sulfur dioxide emissions: Implications for allowance prices (with A.D. Ellerman), Journal of Environmental Economics and Management 36, 26-45 (1998). PDF Copy
An Interim Evaluation of Sulfur Dioxide Emissions Trading (with R. Schmalensee, P. Joskow, A. D. Ellerman, and E.M. Bailey), Journal of Economic Perspectives 12, 53-68 (1998).
[Reprinted in R.N. Stavins (ed.), Economics of the Environment: Selected Readings, 4th Edition, W.W. Norton's, 2000].
Marketable pollution permits with uncertainty and transaction costs, Resource and Energy Economics 20, 27-49 (1998).
A solute transport model for the acid leaching of copper in soil columns (with J.F. Muñoz, R. Abeliuk and M. Vauclin), Soil Science Society of America Journal 58, 678-686 (1994).