Market Power and Primary Commodity Prices: The Case of Copper

Rodrigo Cerda

No 282, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: This paper identifies the economic fundamentals of the evolution of copper price. The main hypotheses of the paper is that cooper price is mainly determined by the evolution of demand of countries with large market power on that market. The novelty is that nominal exchange rate are one of the fundamental of market power. We use monthly data ranging from 1994 to 2003 and by means of a cointegration analysis; we find the Asian block significantly affects the price of this tradable good.

Keywords: Market power; commodity prices (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published as "Market Power and Primary Commodity Prices: The Case of Copper", Journal of Applied Economics Letters, por aparecer.

Downloads: (external link)
https://www.economia.uc.cl/docs/doctra/dt-282.pdf (application/pdf)

Related works:
Journal Article: Market power and primary commodity prices: the case of copper (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:282

Access Statistics for this paper

More papers in Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile. Contact information at EDIRC.
Bibliographic data for series maintained by Jaime Casassus ().