The metal resources (METRO) model: A dynamic partial equilibrium model for metal markets applied to rare earth elements

Frank Pothen

No 13-112, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper presents the METal ResOurces (METRO) model, a partial equilibrium model tailored for metal markets. It allows for a disaggregated representation of the mining sector and endogenous investment in extractive capacities. It can be calibrated to a large number of metal markets. Rare Earth Elements are the first group of metals for which the model is implemented. A new dataset on Rare Earth mines is compiled to calibrate it. First results on key developments of Rare Earth markets are presented. Extensive sensitivity analyses indicate their robustness.

Keywords: Partial Equilibrium Model; Metals; Rare Earths; Exhaustible Resources (search for similar items in EconPapers)
JEL-codes: F17 Q31 Q37 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:13112

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