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Explaining Metals Prices

Economic Analysis of Metals Markets in the 1980s and 1990s

  • Book
  • © 1988

Overview

Authors:
  1. Paul W. MacAvoy

    1. William E. Simon Graduate School of Business Administration, University of Rochester, USA

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Part of the book series: Rochester Studies in Managerial Economics and Policy (RSEP, volume 5)

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Table of contents (4 chapters)

  1. Front Matter

    Pages i-xiii
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  2. The Metals Price Collapse of the Early 1980s

    • Paul W. MacAvoy
    Pages 1-22

  3. Explanatory Price Equations

    • Paul W. MacAvoy
    Pages 23-51

  4. Price Reductions in Response to Increased Competition

    • Paul W. MacAvoy
    Pages 53-80

  5. The Permanency of Low Prices

    • Paul W. MacAvoy
    Pages 81-88

  6. Back Matter

    Pages 89-132
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Keywords

About this book

Work on this book began in the Spring of 1983, not long­ after an Amax Corporation annual budget meeting. As a member of the Amax board of directors since 1979, I had been present at such meetings in which the molybdenum price had been forecast to move higher than $7.00 per pound. The actual annual average prices were $9.70 in 1980, $8.50 in 1981, and $4.00 in 1982. The forecast for 1983 called for prices to return to higher levels, but as both dealer and producer prices declined further, my research began in earnest. Initially, the research was to address the question of why the molybdenum price had declined by more than half in a short period. More fundamental, as other metals prices also declined, was an impelling need to know the causes of the abrupt and sustained reduction in metals price levels that year. As prices stayed at low levels, while those of other materials recovered over the 1983-1986 period, the question became that of why metals prices had remained at startlingly low levels for over five years.

Authors and Affiliations

  • William E. Simon Graduate School of Business Administration, University of Rochester, USA

    Paul W. MacAvoy

Bibliographic Information

  • Book Title: Explaining Metals Prices

  • Book Subtitle: Economic Analysis of Metals Markets in the 1980s and 1990s

  • Authors: Paul W. MacAvoy

  • Series Title: Rochester Studies in Managerial Economics and Policy

  • DOI: https://doi.org/10.1007/978-94-009-2687-5

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Kluwer Academic Publishers 1988

  • Hardcover ISBN: 978-0-89838-293-8Due: 31 October 1988

  • Softcover ISBN: 978-94-010-7712-5Published: 05 October 2011

  • eBook ISBN: 978-94-009-2687-5Published: 06 December 2012

  • Series ISSN: 0924-6002

  • Edition Number: 1

  • Number of Pages: XIII, 132

  • Topics: Finance, general, Microeconomics

  • Industry Sectors: Biotechnology, Finance, Business & Banking

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