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The Day Oligopolistic Forces Lost Power

 

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  • Product Description
 
During the last decade, the price of iron ore has risen from $13 per tonne in 2001 to approximately $140 per tonne in 2010. Using commodity data and theoretical argumentation, this thesis analyses how market power amongst actors in the iron ore market have influenced and been affected by different pricing systems, as well as how the price of iron ore has been affected by the shifts in market power and various pricing systems. We find that the price trend of iron ore relative demand is unique when compared to other metals. Evidence suggest that the greatest single factor behind the recent price development is that the pricing mechanism shifted from oligopoly pricing to a state converging perfect pricing in late 2008, causing oligopolistic forces to lose market power. Further, prices will most likely always be higher under the new pricing system than they would have been in any given theoretical situation under the old pricing system.
Product Specifications
SKU :COC14259
AuthorThomas Nordén and Joakim Tiberg
LanguageEnglish
BindingPaperback
Number of Pages64
Publishing Year2012-07-03T00:00:00.000
ISBN978-3848431847
Edition1 st
Book TypeInternational economics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00
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