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Homo Economicus: Rare earth profiling

Author

Listed:
  • Molintas, Dominique Trual
  • Runas, Tchaika Eliah
  • Runas, Yanni Eliah
  • Runas, Tamiya

Abstract

This paper discourses the IMF graph on monthly tin prices between May 2008 and May 2013, indicative of a high volatility on price, typical of rare earth metals. The sharp increases and steep decline on monthly prices, state the absence of equilibrium or stability between the supply side and the demand side. For that reason, price fluctuation is correlated to the oligopolistic market behaviour characterised of the World metals industry, dominated by a handful of suppliers having apparent control on pricing movements.

Suggested Citation

  • Molintas, Dominique Trual & Runas, Tchaika Eliah & Runas, Yanni Eliah & Runas, Tamiya, 2013. "Homo Economicus: Rare earth profiling," MPRA Paper 110203, University Library of Munich, Germany, revised 15 Oct 2021.
    • Handle: RePEc:pra:mprapa:110203
    as

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    File URL: https://mpra.ub.uni-muenchen.de/110203/1/MPRA_paper_110203.pdf
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    References listed on IDEAS

    as
    1. Gillespie, Andrew, 2011. "Foundations of Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199586547.
    2. Chambers, Marcus J & Bailey, Roy E, 1996. "A Theory of Commodity Price Fluctuations," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 924-957, October.
    3. John J. Hooker, 1967. "On Oligopoly in Tin," American Journal of Economics and Sociology, Wiley Blackwell, vol. 26(1), pages 13-22, January.
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    More about this item

    Keywords

    homo economicus; rare earth; econ profiling; game theory; nash equilibrium;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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