Price Variability and Marketing Method in the Non-Ferrous Metals Industry

Isabel Figuerola-Ferretti and Christopher L. Gilbert
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Isabel Figuerola-Ferretti: Queen Mary, University of London
Christopher L. Gilbert: Vrije Universiteit Amsterdam

No 431, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: We examine the impact of the pricing regime on price variability with reference to the non-ferrous metals industry. Theoretical arguments are ambiguous, but in any case suggests that the extent of monopoly power is more important than the pricing regime as determinant of variability. Slade (1991) argued that metals price volatility increased in the nineteen eighties relative to the seventies, and that this was associated with a move from administered producer pricing to exchange pricing. This claims are only partially supported. Extension of Slade's sample to the present indicates that any early differences between the variability of producer and exchange prices have now vanished.

Keywords: Metals; Futures trading; Exchange pricing; Producer pricing; Price volatility (search for similar items in EconPapers)
JEL-codes: G1 L61 (search for similar items in EconPapers)
Date: 2001-02-01
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:431

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