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Vol 172
Pages:
121-124
Download volume:
RUS
Article

Analysis of influence of factors of the mineral raw materials market on the productivity of quarries

Authors:
S. I. Fomin1
V. V. Ivanov2
D. V. Pasynkov3
About authors
  • 1 — G.V. Plekhanov Saint Petersburg Mining Institute
  • 2 — G.V. Plekhanov Saint Petersburg Mining Institute
  • 3 — G.V. Plekhanov Saint Petersburg Mining Institute
Date submitted:
2006-10-04
Date accepted:
2006-12-08
Date published:
2007-11-28

Abstract

This paper first of all examines the notion of an equilibrium price for a mineral cоmmodity market. It draws the conclusion that microeconomic theory alone cannot define such a price. It then recapitulates on the reasons for price fluctuations and shows that one can at least identify a floor price and a ceiling price when it proves impossible to identify an equilibrium price. To conclude, it proposes a method for price forecasting, based on a prior analysis of the relevant industrial structure involved.

Область исследования:
(Archived) Geotechnology
Funding:

None

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