Is it Possible to Move the Copper Market

Juan-Pablo Montero

No 246, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: 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.

Date: 2003
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Published as "Is it Possible to Move the Copper Market?", Cuadernos de Economía, Vol. 40, Nº 121, pp. 559-565, 2003.

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Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:246

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