Is it Possible to Move the Copper Market

We study whether and to what a large supplier facing a competitive fringe could effectively move the market of a depletable stock such as copper. We argue that the mere possibility for the large stockholder (i.e., leader) to sign forward contracts significantly reduces its market power. We show, for example, that in a three-period setting the leader has no ability whatsoever to move the market.

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Year of publication:	2003
Authors:	Montero, Juan-Pablo
Institutions:	Instituto de Economía, Facultad de Ciencia Económicas y Administrativas

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Extent:	application/pdf
Series:	Documentos de Trabajo. - ISSN 0717-7593.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published as "Is it Possible to Move the Copper Market?", Cuadernos de Economía, Vol. 40, Nº 121, pp. 559-565, 2003. Number 246
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005227179