La estructura del poder y sus efectos en el comportamiento del mercado

Translated title of the contribution: Power structure and its effects in market behavior

Research output: Contribution to journalArticle in a journalpeer-review


This article pose the hypothesis that the terms of trade resulting from the interaction of market forces are the expression of the power relations that exist between the interest groups of a social system. An analytical framework to test this hypothesis is applied to the case of oil prices and theoretical implications are derived for the economic models, that should consider the power variable into their theory of prices.
Translated title of the contributionPower structure and its effects in market behavior
Original languageSpanish
Pages (from-to)43-51
Issue number5
StatePublished - Jan 1976


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  • Teoría económica


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