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Models To Manage Pricing In Mining Industry

Author

Listed:
  • Marius BULEARCA

    (Center for Industry and Services Economics, Bucharest, Romanian Academy)

  • Cristian SIMA

    (Center for Industry and Services Economics, Bucharest, Romanian Academy)

Abstract

Given that economic analysis of extractive industry is fundamentally different from the analysis of agriculture, manufacturing and services, this paper deals with finding and applying the political and economic principles of pricing in mining industry (in the first part), and with demonstrating the relationship between the level of extraction and price trend resulted in time (in the second part)

Suggested Citation

  • Marius BULEARCA & Cristian SIMA, 2013. "Models To Manage Pricing In Mining Industry," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 18(2), pages 126-137, November.
    • Handle: RePEc:fmb:journl:v:18:y:2013:i:2:p:126-137
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    References listed on IDEAS

    as
    1. Olson, Mancur & Zeckhauser, Richard, 1970. "The Efficient Production of External Economies," American Economic Review, American Economic Association, vol. 60(3), pages 512-517, June.
    2. David W. Pearce, 1981. "The Macmillan Dictionary of Modern Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04781-9.
    3. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(3), pages 351-379.
    4. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39, pages 137-137.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    dynamic pricing efficiency; Hotteling’s economic fundamental principle; mining industry; natural resources; price trend.;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • A1 - General Economics and Teaching - - General Economics
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices

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