La stabilité des prix des ressources non renouvelables
One particular problem with the competitive solution to resource pricing is the potential for resource price instability. Using monthly data on prices for five different minerals the author examines, with the help of statistical techniques, the behaviour of prices over the years 1922-1974. He finds that fears of potential resource price instability have been overstated. Due either to the capitalization reactions of resource owners, or to the fact that resource markets are characterized by a monopolized industrial structure, real resource prices appear to show remarkable stability.
Volume (Year): 53 (1977)
Issue (Month): 4 (octobre)
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- Working, Holbrook, 1974. "Measurement of Cycles in Speculative Prices," Food Research Institute Studies, Stanford University, Food Research Institute, issue 01.
- Richard L. Gordon, 1967. "A Reinterpretation of the Pure Theory of Exhaustion," Journal of Political Economy, University of Chicago Press, vol. 75, pages 274-274.
- McCulloch, J Hutson, 1975. "The Monte Carlo Cycle in Business Activity," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 303-321, September.
- Larson, Arnold B., 1967. "Price Prediction on the Egg Futures Market," Food Research Institute Studies, Stanford University, Food Research Institute.
- Working, Holbrook, 1967. "Tests of a Theory Concerning Floor Trading on Commodity Exchanges," Food Research Institute Studies, Stanford University, Food Research Institute.
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