Mostrar el registro sencillo del ítem
Prices and Production Costs in Aluminium Smelting in the Short and the Long Run
dc.contributor.author | Figuerola Ferretti Garrigues, Isabel Catalina | es-ES |
dc.date.accessioned | 2016-02-25T13:00:46Z | |
dc.date.available | 2016-02-25T13:00:46Z | |
dc.date.issued | 22/08/2006 | es_ES |
dc.identifier.issn | 0003-6846 | es_ES |
dc.identifier.uri | http://hdl.handle.net/11531/6541 | |
dc.description | Artículos en revistas | es_ES |
dc.description.abstract | No procede | es-ES |
dc.description.abstract | The main objective of this study is to reflect the institutional changes that have characterized the aluminium industry as a result of the introduction of London s Metal Exchange (LME) trading. In doing this, it is shown that product prices are taken exogenously and linked to input prices via risk sharing agreements. This forces producers, in a competitive environment, to minimize costs. The latter is completed with a description of their investment decision-making mechanism, in which investment is determined by cost, and a measure of Tobin s q. The main contributions of this study are: the use of a proprietary and complete industry data set that allows one (a) to set up the short run input and output price relationships; (b) to model the optimizing behaviour of the sector via a flexible cost function (translog) allowing scale economies and non-constant factor substitution; and (c) to describe the investmentprocess that has emerged with the introduction of LME trading. | en-GB |
dc.format.mimetype | application/pdf | es_ES |
dc.language.iso | es-ES | es_ES |
dc.rights | es_ES | |
dc.rights.uri | es_ES | |
dc.source | Revista: Applied Economics, Periodo: 1, Volumen: 37, Número: 8, Página inicial: 917, Página final: 918 | es_ES |
dc.title | Prices and Production Costs in Aluminium Smelting in the Short and the Long Run | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.description.version | info:eu-repo/semantics/publishedVersion | es_ES |
dc.rights.holder | El Journal Mantiene los derechos de autor | es_ES |
dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | es_ES |
dc.keywords | No procede | es-ES |
dc.keywords | LME futures, aluminium, translog, cost function, impulse response | en-GB |
Ficheros en el ítem
Este ítem aparece en la(s) siguiente(s) colección(ones)
-
Artículos
Artículos de revista, capítulos de libro y contribuciones en congresos publicadas.