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Intervención del estado, propiedad y control en las empresas gestoras del monopolio de tabacos de españa, 1887–1998

Eugenio Torres Villanueva

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2000, vol. 18, issue 1, 139-173

Abstract: Unlike two big European tobacco monopolies —the French monopoly and the Italian one—, which almost always were managed by the State, the management of Spanish tobacco monopoly was leased out for over a century to two companies very related: the Compañía Arrendataria de Tabacos (1887–1945) and Tabacalera (1945–1998). This paper provides an explanation of this situation analising the kind of companies they were from the standpoint of State regulation, ownership structure and management control and also using some principles of the Agency's Theory and the Economic Regulation's Theory.

Date: 2000
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