Prospects for an iron ore cartel |
| |
| Institution: | 1. Department of Earth, Environmental and Life Sciences, University of Genova, Corso Europa 26, 16132 Genova (GE), Italy;2. Department of Chemistry, Life Sciences and Environmental Sustainability, University of Parma, Parco Area delle Scienze 181/A, 43124 Parma (PR), Italy;3. Department of Earth and Environmental Sciences, University of Pavia, Via Ferrata 1, 27100 Pavia, Italy;4. Geologist, private consultant, Via Pr. Paolo Canessa 3/9, 16035 Rapallo (GE), Italy;5. Department of Earth, Environmental and Resources Sciences, University of Naples Federico II, Complesso Universitario di Monte Sant''Angelo, Via Cinthia, Edificio L1, 80126 Naples (NA), Italy |
| |
| Abstract: | Recent breakdowns of commodity cartels have been associated with sharp price declines, thereby reversing the increases which accompanied their formation. This suggests that cartelization can significantly affect market prices. This paper examines the factors influencing the economics of a cartel with a view to assessing the chances of success of cartelization in the context of the iron ore industry. The structure of the iron ore market is examined with particular emphasis on the dominant producers and the likely alternative suppliers. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
