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Stabilization of the international copper market: A simulation study |
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| Authors: | KN Bhaskar CL Gilbert RA Perlman |
| Institution: | K.N. Bhaskar is a Lecturer in Accounting, University of Bristol, 40 Berkeley Square, Bristol, BS8 1HY, UK;C.L. Gilbert is a Research Officer at the Oxford Statistics, St. Cross Building, Manor Road, Oxford, OX1 3UL, USA;Wadham College, Oxford, USA;Perlman is a Commodities Research Unit Ltd, 26 Red Lion Square, London, WC1R 4RL, UK |
| Abstract: | The authors simulate an econometric model of the world copper industry together with a financial model of a stabilization agency to evaluate the financial profitability of stabilization under alternative regimes. In particular the effects of varying the stabilization bandwidth and the initial metal endowment of the agency are examined. A major finding is that a stockpile facility considerably in excess of that proposed by UNCTAD would be required to give adequate stabilization. |
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