Explaining Metals Prices: Economic Analysis of Metals Markets in the 1980s and 1990s

by Paul W. MacAvoy

Book Overview

One The Metals Price Collapse of the Early 1980s.- What are Prices?.- Specifying Price Determinants in an Equilibration Process.- Disequilibrium Price Behavior.- Two Explanatory Price Equations.- The Price Level Equation.- Demand Contraction.- Exchange Rates and Inventories.- Supply Expansion during the Post-1980 Period.- The Dynamic Price Equation.- Conclusion.- Three Price Reductions in Response to Increased Competition.- Deconcentration in Metals...

• Format: Hardcover
• Language: English
• ISBN: 0898382939
• ISBN13: 9780898382938
• Release Date: October 1988
• Publisher: Springer
• Length: 132 Pages
• Weight: 0.86 lbs.
• Dimensions: 0.4" x 6.1" x 9.2"