Markets, Organization and Regulation (MORe)

The Markets, Organization and Regulation (MORe) group—formerly known as the Industrial Organization group—specializes in the study of situations where the key is to develop an understanding of how people and organizations react strategically to the actions of other agents and the surrounding environment. Attaining such an understanding is fundamental to the process of analyzing the way different alternatives for the design and regulation of markets and organizations effect consumers, the rest of society and social welfare. This approach underlies the group’s contributions to discussions on a range of issues including competition and antitrust policy, market design, resource allocation in the absence of financial markets and economic policy in general.

In the designs of both private and government organizations and their internal systems of incentives, people do not simply react like automatons to formal remuneration mechanisms but are also highly aware of the information others may obtain on their decisions and how that might affect future design changes in the organization’s incentive structures. Understanding the strategic behavior of organization members is thus essential to achieving an organizational design that promotes productivity, innovation and the development of their potential.

In markets, companies choose their products, services, technologies and investments in innovation based not only on consumer needs and the technological possibilities but also on what they expect their competitors and complementary firms will do. MORe group researchers incorporate this strategic dimension of individual and firm behavior in their efforts to design systems for the efficient supply of goods and services through market mechanisms or appropriate regulation.

An efficient regulatory design assumes that agents are always seeking ways to adapt to regulations. The group’s research is focused on developing and analyzing regulatory mechanisms in key areas for the country’s development such as competition policy, public concessions, transport and innovation. The approaches adopted by the group model the reactions of agents to regulation in order that its effects and costs can be predicted more accurately, which in turn enables regulatory authorities to strengthen their long-term planning.


Markets Organization and Regulation (MORe) Researchers

Ronald Fischer

Grade: Ph.D. in Economics, University of Pennsylvania.
Areas: Energy, Production Management, Management in the Public Sector, Industrial Organization.
Lines: Trade and Industrial Organization and Policy, Political economy of protection, Regulation and Auctions, Law and economics (recent).

Academic Hierarchy: Head Professor of the Department of Industrial Engineering, Faculty of Physical and Mathematical Sciences, Universidad de Chile.

Personal webpage

Juan Pablo Montero

Grade: Ph.D. in Industrial Economics, Massachusetts Institute of Technology.
Areas: Energy, Management in the Public Sector, Environment, Industrial Organization.
Lines: Applied microeconomics, Industrial organization, regulatory economics and environmental economics.

Academic Hierarchy: Head Professor of Economics, Department of Economics, Pontificia Universidad Católica de Chile.

Personal webpage

Leonardo Basso

Grade: Ph.D. in Business Administration, major Transportation and Logistics/Strategy and Business Economics, University of British Columbia.
Areas: Industrial Organization, Transport.
Lines: Industrial Economics, with emphasis in transport industries.

Academic Hierarchy: Assistant Professor of the Civil Engineering Department, Universidad de Chile.

Personal webpage

Felipe Balmaceda

Grade: Ph.D. in Economics, Cornell University.
Areas: Industrial Organization.
Lines: Industrial Organization and Contract Theory.

Academic Hierarchy: Professor at Universidad Diego Portales.

Personal webpage

Pedro Jara-Moroni

Grade: Ph.D. École des Hautes Études en Sciences Sociales (EHESS) y Universidad de Chile.
Areas: Industrial Organization, Transport
Lines: Game Theory, Mathematical Economics, Microeconomic Theory, Industrial Organization, Expectational Coordination, Transportation Networks.

Academic Hierarchy: Associate Professor at Departamento de Economía, Facultad de Administración y Economía, Universidad de Santiago de Chile.

Personal webpage

Joaquín Poblete

Grade: Ph.D. Managerial Economics and Strategy, Kellogg School of Management, Northwestern University, USA
Areas: Methodological Tools, Industrial Organization.
Lines: Contract Theory, Economics of Organization, Industrial Organization, Corporate Finance, Management Strategy.

Academic Hierarchy: Assistant Professor School of Management, Pontificia Universidad Católica de Chile.


Personal webpage

Nicolás Figueroa

Grade: Ph.D. in Economics, University of Minnesota, Minnesota.
Areas: Management in the Public Sector, Industrial Organization.
Lines: Theory, Mechanisms design and Microeconomical theory.

Academic Hierarchy: Assistant Professor of the Institute of Economics, Pontificia Universidad Católica de Chile.

Personal webpage

Martín Besfamille

Grade: PhD in Economics, Université de Toulouse 1, Toulouse, France.
ISCI Research Group (s): Markets, Organization and Regulation (MORe).
Lines of research: Public Economy, especially Fiscal Federalism, Tax evasion.

Academic Hierarchy: Associate Professor. Pontificia Universidad Católica de Chile.

Personal webpage

Hugo Silva

Grade: Ph.D. In Economics – VU University Amsterdam.
ISCI Research Group (s): Industrial Organization, Transport.
Research lines: Transport Economics, Industrial Organization, Tariff Policies for Urban and Interurban Transport, Regulation.

Academic Hierarchy: Assistant Professor. Pontificia Universidad Católica de Chile.

Personal webpage

Rahmi Ilkilic

Grade: Ph.D. in Economics, Autonomous University of Barcelona.
Area: Industrial Organization.
Lines: Social and Economic Networks, Assignment Problems, Game Theory, Mechanism Design.

Academic Hierarchy: Assistant Professor, Department of Industrial Engineering, Universidad de Chile.

Personal webpage