About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Posts tagged "industrial organisation"

Conglomerates and inclusion

Whether it is banking, real estate, retail and supermarket trade, food service, broadcasting and media, power generation, energy, infrastructure -- you name it, conglomerates are in it. Is conglomerate dominance to be feared? No, on the contrary.

Competition, regulation and institutional quality

Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order for either to deliver welfare gains, there must first be a pre-existing market failure.

Working for peanuts

Fructuosa Llana of Frux Food Products is a progressive entrepreneur. She recently started a promising line of snacks made from cassava flour and fortified with malunggay and other vegetables (grown in her own small garden). But her main business is still the peanut butter line she has been producing for more than a decade now....

Retail competition at the gas and diesel pumps

The Oil Deregulation Law – or Republic Act 8180 – was signed on Feb. 10, 1998. This week then marks the 17th year of implementation of a law that takes away from the government the direct fixing of fuel prices.

Screwing the customer?

Had not MWSS figuratively blown a whistle, customers of Maynilad and Manila Water (Concessionaires of MWSS) would not have known that they were being billed for the corporate income taxes being paid by the corporations. Not surprisingly, the reaction was outrage.

Improving competition in the domestic economy

One of the major pieces of economic legislation in Congress is an anti-trust bill. For years, several versions of such proposed legislation have competed for attention in the legislative mill, only to fail passage. Recently, the private chambers included this among its suggestions for priority legislation.

Signaling and contract cost under weak governance: Water service privatization in Metro-Manila

We show using a modified Laffont-Tirole cost-reimbursement contract model that the more reliable is the state in respect to the delivery of its contractual obligations, the lower is the cost of contracts to the state and society.

Abuse of authority, dereliction of duty

The Bureau of the Treasury is the official registry of scripless government securities (GS). The BTr function cannot be delegated to any other institution, especially a private one, since "the same is tantamount to abandonment by the government of its public function to safeguard the integrity of the information and data relative to public debts,"...

Government failure

To engage in trading of government securities, one cannot avoid doing business with an amorphous organization called the Philippine Dealing and Exchange Corp. Is PDEx a private organization, a quasi-public institution, a private institution imbued with public interest, or what?

The folly of reverting to an oil regulated regime

Overwhelming evidence supports the view that oil deregulation works, that local pump prices behave in sync with world prices, and that oil firms’ profits are reasonable. Reverting to the old, unjust (oil companies made huge profits at consumers’ and taxpayers’ expense), and clearly inefficient, regime will be a monumental mistake.