This paper presents a model of the world iron ore industry that uses game theory principles to determine iron ore prices. The boundaries of the range of price negotiations are specified through bilateral oligopolistic theory and are further constrained so that the negotiating parties are not put out of business. The validation of the model indicates that it is suitable for policy analysis as well. Multiplier analysis is used to trace the channels...
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INFORMATION
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1987/10/01
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Document de travail sur les produits de base
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SCP19
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1
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1
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2010/07/01
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Disclosed
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An econometric model of the iron ore industry
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iron ore
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